Binance CEO tips next Bitcoin bull run
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Binance CEO Changpeng “CZ” Zhao has tipped 2025 as the most likely year to kick off the next Bitcoin bull run.
During a July 5 “ask me anything” session on Twitter, CZ explained how the price of Bitcoin has historically moved in four-year bull cycles.
While he admitted that he can’t see the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market.
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CZ’s comments come after Coin Metrics found that Bitcoin miners were able to make $184 million in mining fees in the second quarter of 2023.
These fees were a 270% increase from the first quarter and more than the previous five quarters combined, according to the firm.
The crypto analytics firm said the jump in fees was due to Bitcoin’s recent price surge, which bolstered top-line revenues, and the advent of BRC-20, a new token standard on Bitcoin introduced in March that uses Ordinals inscriptions to mint and transfer fungible tokens on the network.
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