Binance co-founder Changpeng Zhao (CZ) has stated he will not return to Binance, despite US President Donald Trump's pardon removing all legal obstacles. In an interview with CNBC, CZ emphasized that Binance doesn't need a "backseat driver," and suggested that Bitcoin could enter a supercycle in the next 12 months, breaking the familiar four-year pattern.
Amnesty does not mean returning to Binance.
Speaking on the show Squawk Box belong to CNBC 's CZ said he understood that the amnesty order had caused All previous restrictions were “completely lifted” . However, he Rejecting the possibility of returning to Binance :
“I don’t really need to come back. I don’t want to either. This is a pretty good way for me to leave Binance after seven years.”
CZ admitted that leaving the company was painful at first , but over time he has come to accept it and believes that:
"I don't think returning is a good idea. We should make room for other strong leaders to develop."
Legal context in 2023
CZ He pleaded guilty in November 2023. because Failure to maintain an effective anti-money laundering (AML) program. in Binance . He was then arrested. sentenced to 4 months in prison. and Working on the floor is prohibited .
The decision to grant amnesty Donald Trump In October, it sparked controversy in the US Congress, with some lawmakers questioning it. The connection between Binance and crypto projects linked to Mr. Trump . Mr. Trump's side denies knowing CZ.
According to CZ, since he left, Binance It's not out of sync at all . He said the exchange is currently operated by Two competent CEOs , and growth indicators. still going up , including users and market share .
In Open letter, December , Binance leadership team – including Richard Teng and Yi He – indicates the platform has surpassing 300 million users , with The total volume for the year reached 34 trillion USD .
CZ describes himself as Passive shareholders :
“They don’t need a backseat driver. I’m still a shareholder… When I want to give feedback, I just write on Twitter.”
Bitcoin could break its 4-year cycle.
Although the crypto market enters the new year with Prices and sentiment are weakening , CZ forecasts. Bitcoin can witness A supercycle is expected in the next 12 months . He believes that traditional 4-year cycle maybe It is no longer relevant .
"Typically, Bitcoin follows a four-year cycle… But this year, with the US being very supportive of crypto and other countries following suit, I think we're going to break that cycle."
According to economic concepts, supercycle It is a prolonged growth phase, reflecting structural change thanks to strong fundamentals. CZ emphasizes the role of accept the organization , clear legal status in the US and Bitcoin ETF in promoting this movement.
Conclude
CZ has He definitively ended Vai as the CEO of Binance , shifting to a different position. observing the strategy . Meanwhile, his assessment of Bitcoin supercycle This shows the belief that the market can move forward. a new phase of development , where the growth-decrease pattern follows a 4-year cycle. It no longer holds absolute control .
