CZ: The U.S. market has a big impact on both the global market and the crypto market. Institutional funds are changing the structure of the cycle

In a blog exchange between ARKInvest's Lorenzo Valente and CathieWood's conversation with Binance founder Zhao Changpeng (CZ), CZ said that regarding Bitcoin, I think there are two forces now existing at the same time. On the one hand, from a four-year cycle, Bitcoin did fall a little after entering 2026. 2021 is a bull market, and 2025 is also a bull market, so there will be a correction in 2026, which is in line with the framework of the four-year cycle. But on the other hand, there are two very positive factors. First, President Trump attaches great importance to stock market performance and will try his best to promote the stock market. If the stock market performs well, the crypto market usually performs well. When the stock market rises, people have more wealth and cash and allocate some of their funds to crypto assets. Second, geopolitical tensions make gold active. Gold has surged and experienced high volatility, and Bitcoin should also be active in this environment. Although we have seen Bitcoin fall, it has returned to around $74,000 to $75,000 in recent days. So I think that a good performance of the stock market will have a positive effect on Bitcoin and the entire crypto market. And before the mid-term elections, Trump is likely to try his best to push the market, which is logical. I don't know him and have never spoken to him, but the U.S. market has a great impact on both the global market and the crypto market. I still hope this year will be different from the bear market recovery in history, and maybe this time the recovery will be faster. Bitcoin has already touched the more than $60,000 area, which is also close to the support near the previous round of historical highs. I hope the worst is over. Of course, this is not investment advice.