This crypto cycle is different from past ones, Binance CEO says

This cycle is a bit different from past cycle. I mean you you have been involved in crypto, so you know crypto normally go through four year cycle right price movement cycle which coincide with the having which going to take place in about 9 days time for Bitcoin. It’s normally after about six months after having that you see a new all time high in terms of prices, but this time around it happens even before the halving, right, which is why it’s unique. In terms of market cycle and? Is really the introduction of the ETF, are you bringing so many new users, new liquidity, right. I think I saw some figure yesterday that 14 billion net inflows has gone into the the crypto ETF in the stage, right. So those are those are important numbers, but it’s still very early days because that is just the first part of it. With that there will be much more financial innovation, there will be more product structuring that you come through. You see a lot more independent houses now being able to advise. And their clients to do some allocation into crypto. The foundations, the endowments got going to come true on our side. We see a lot of track five films, right. The traditional trading firms now adding crypto as an additional asset class into the suite of products that they trade constantly on a daily basis and we start to serve them as well, right. So those will bring in new liquidity pools into into this industry. So those are key positive and we are very bullish right of the way forward. But we are still in the building stage, so we look forward to working closely with the rest to build this industry together. Many have told us this year Bitcoin will hit 100,000. Well, there are different financial projection. I mean if you look at the Standard Chartered projection is what 200,000 or 250,000 by next year, right. So you have seen price point of hundred, I’ve seen price .120. So all these are financial projection. What’s important is we always stress to our users, do your own research, right, Just don’t be led by others, don’t just hearsay from your friends, from people that think they’re in the know, do your own research is our own money. We pull them with them. Invest responsibly. Do you have a price in your head this year? I have a price but I I think it would exit my price. In your own opinion, what is it my my price? Last year before the introduction of the ETF, I didn’t see the impact of the ETF. My price last year is I would have thought Bitcoin will end at about 80,000 this year, but I have revised my price upwards slightly because of the inflow that I’m seeing. So, but again, this is not financial advisory, This is my own view of the world. That was the.