On October 31st, CZ stated in an interview at the main venue of the Binance Blockchain Week in Dubai that "he cannot predict the future, but can analyze history. From a historical perspective, Bitcoin has gone through a very clear four-year cycle. 2013 and 2017 were bull markets. However, in fact, 2012 was a "recovery year" that many people did not trace back that far. 2016 was also a "recovery year", and 2017 soared all the way. 2020 is also a "recovery year", and 2021 is a bull market. So based on existing analysis, 2024 should also be a "recovery year". As for what will happen next year, it is not clear, but in the long run, he is still very optimistic about the entire industry."
