Changpeng Zhao named the date when bitcoin will start growing

The largest cryptocurrency exchange Binance has published a letter from the platform’s CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, in which CZ shared his forecasts for the future of digital assets in 2023 and the company’s plans for the next year. The CEO also answered the most popular question from the crypto community: «When will bitcoin start growing?». According to Zhao, a bull market is expected in late 2023 or early 2024.

According to the Binance CEO, it is difficult to make accurate predictions in the current market situation, but we should definitely expect the growth of the HTS. In order to minimize the impact of bankrupt platforms and the main «hero» of 2022, FTX, the exchange will focus on developing innovative technologies to protect client funds and improve transparency standards in the crypto industry.

Back in November, during an AMA session on Twitter (ask me anything — ed.), Zhao said that Binance was working on the implementation of a new Proof-of-Reserves protocol developed by the Ethereum co-founder. According to Zhao, he is in contact with Vitalik Buterin, who «wants to create a new Proof-of-Reserves protocol and use Binance as a guinea pig or the first test case of how the protocol will work.» «He's [Бутерін] very excited about it, and we’re bringing our teams together to let people see how it works,» Zhao said.

Also, in a letter to users, CZ promised to continue working with regulators and law enforcement agencies to introduce blockchain training around the world. Currently, Binance has already launched several courses on blockchain technologies and trains law enforcement officers to investigate cryptocurrency crimes.