Binance CEO Changpeng Zhao predicts the crypto winter will las | JustTopIco

Binance CEO Changpeng Zhao predicts the crypto winter will last until 2026 but he is focusing on the positives. “I’m not debating that it is disastrous. It is bad. But when this disaster is happening, there is also opportunity.”

Speaking to Fortune, Binance CEO Changpeng Zhao shared his thoughts on crypto winter and said he expects it to be a long one.

Since November 2021's market top, over $2 trillion in capital has exited the crypto space, representing a 70% drawdown in total valuations.

As crypto winter bites down hard, CZ described the situation as a necessary cull, in which weak projects die off, leaving only the strong, who will flourish when the good times return.