Binance CEO Changpeng Zhao says there is a myriad of factors potentially driving the next big rally for Bitcoin (BTC) and other crypto assets.
In a new interview on CNBC, the richest person in crypto says different catalysts triggered the previous bull runs and people were not even aware that these would set off massive moves.
“Nobody really forecasted NFTs [non-fungible tokens], DeFi [decentralized finance], etc., which probably drove the last bull run. Before that in 2017, it was mainly ICOs [initial coin offerings]. Six months before those things happened, very few people can forecast it.
Now the market is so much bigger. There are so many more applications in the space. I’m not sure which one, but I think all of those are moving in a positive direction.”
Zhao says regulatory developments and the economic situation could be favorable for crypto.
“The regulatory landscape is shaping up to be quite well. Most countries are adopting regulatory frameworks, they are not banning...
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