Binance founder Changpeng “CZ” Zhao and Coinbase CEO Brian Armstrong both publicly reaffirmed their long-term bullish views on Bitcoin this week, pushing back against prevailing market pessimism as the leading cryptocurrency struggles to hold above $64,000. The comments came after Bitcoin had fallen nearly 30% from its highs above $90,000 earlier in the year.
In a June 13 interview, CZ stood by a prediction he made in January 2026, when he told CNBC that Bitcoin could break its historic four-year cycle and enter a “super cycle”. At that time, Bitcoin was near $90,000, having pulled back from a $97,000–$98,000 peak. Since then, the price has dropped to the $60,000–$64,000 range. When an interviewer noted that “things are not looking good from where we sit today,” CZ acknowledged the weakness but dismissed the idea that the market is broken. “But will crypto die? Absolutely not,” he said. “Crypto will continue to grow. So I think the super cycle will come. I’m not sure when it will come.” He added a self-aware follow-up on X: “Might be late… I can’t predict anything.”
Armstrong, speaking separately on June 15, echoed a similar message. He said Bitcoin’s recurring boom-and-bust cycles are a normal feature of the asset’s maturation. Sharing a chart of four-year market cycles since 2011, he argued that steep declines have historically preceded new all-time highs. “It’s never as good or bad as it seems,” Armstrong wrote. He suggested that the recent correction may have already found a bottom near $60,000, stating his instinct is that the worst phase is behind investors. He remains long Bitcoin and expects it to trade at significantly higher levels by 2030, driven by institutional adoption and deeper integration with traditional finance.
Both leaders emphasized that the crypto industry’s growth extends beyond Bitcoin’s price. Armstrong highlighted expansion in stablecoins, derivatives, and prediction markets. CZ noted the increasing global regulatory embrace, particularly under the pro-crypto stance of the Trump administration, as a factor that could fuel a super cycle. While neither executive offered a precise timeline, their messages aimed to counter fears that the current correction marks the end of crypto’s long-term uptrend.
