CZ: 2024 may become the "year of recovery" for Bitcoin, and the long-term outlook for the industry remains positive

ChainCatcher news, CZ stated during an interview at the main venue of the Dubai Binance Blockchain Week that he cannot predict the future but can analyze history. Historically, Bitcoin has gone through very clear four-year cycles. 2013 and 2017 were bull markets. But in reality, 2012 was a "recovery year," which many people do not trace back to. 2016 was also a "recovery year," and 2017 saw a significant rise. 2020 was similarly a "recovery year," while 2021 was a bull market.

Therefore, based on the current analysis, 2024 should also be a "recovery year." As for what will happen next year, it is unclear, but in the long run, he remains very optimistic about the entire industry.