Binance CEO: The bull market will return soon

Binance CEO: The bull market will return soon.

Image source: Shutterstock / Trijo News

Tim Haldorsson

tim.haldorsson@trijo.co

Changpeng Zhao, CEO of the crypto exchange Binance, said that a crypto bull market could return before the end of the year.

The trend for cryptocurrencies has been downward since the beginning of 2018. The total value of the crypto market has fallen from $828 billion at the beginning of the year to $220 billion now in September, according to Coinmarketcap.

However, Changpeng Zhao, CEO of the crypto exchange Binance, says that we soon will see increases in prices for the crypto market. In an interview with the site Crypto Globe, the CEO says he expects the market to turn upwards in the months October to December this year. The reason is that these months historically have been good for the crypto market.

Possible with a 200 trillion dollar valuation

Previously, Trijo News has reported about Changpeng Zhao’s long-term view of the crypto market and its ability to reach a total valuation of $200 trillion. The Binance CEO says that he always buys cryptocurrencies to keep them long-term, Crypto Globe writes.

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