Binance founder Changpeng Zhao said in a Galaxy Brains podcast interview that Bitcoin’s latest volatility still fits a normal four-year cycle, adding that $60,000 could become a new support level. He noted that drawdowns of around 50% have been common in past cycles, with earlier periods seeing declines as deep as 80%. Compared with the previous cycle low, he said, Bitcoin is still trading at roughly five times that level.
Zhao also made his personal position clear. He said he has no exit plan in crypto. In his view, this cycle differs from earlier ones because the market has not been hit by large numbers of project blowups, US policy has turned supportive, and institutions are increasing adoption of ETFs and stablecoins. He also pointed to developers returning to the US with more attention on real-world use cases instead of pure meme-coin speculation.
Hyperliquid praise and a proposal for quantum-era Bitcoin safeguards
On market infrastructure, Zhao singled out decentralized perpetuals exchange Hyperliquid for praise, calling its no-KYC and fully decentralized model an “awesome invention.” He said the platform has captured a niche that Binance cannot reach under its regulatory framework. Even so, he added that based on his own experience dealing with regulation, he would not choose to run a platform that way.
Asked about quantum computing risks, Zhao said the industry already has post-quantum cryptographic algorithms. If Bitcoin ever needed a fork and upgrade because of a quantum threat, he suggested giving Satoshi Nakamoto’s wallet, which holds about 1 million BTC, a six- to 12-month transition period to move the coins. If no movement occurs by then, he said the community could vote to freeze those coins on a new chain and remove them from circulation to prevent a quantum attacker from unlocking and dumping them.
AI agent payments and BNB Chain’s next version
Zhao said crypto-based payments for autonomous AI agents could grow quickly within the next few months, arguing that traditional banking systems are not built for high-frequency, tiny-value transactions between machines. He also spoke about life after stepping down as CEO, saying the shift has given him more time to meet developers around the world.
He said his firm YZi Labs is investing not only in crypto projects but also in frontier technologies including artificial wombs. At the same time, BNB Chain is working on a next-generation version designed to be faster, cheaper, and stronger on privacy as ties between traditional finance and crypto keep tightening.