Changpeng Zhao Addresses One Catalyst For Next Crypto Bull Market

At the end of 2022, there are all kinds of optimistic predictions about the crypto market. Check out what Binance’s Changpeng Zhao has to say about the trigger of a new bull market below.

The chief executive of Binance recently said that one specific catalyst would spark the next industry-wide bull market.

In a new letter penned by Binance CEO Changpang Zhao, he made sure to explain the fact that he believes unique innovations within the Web3 sector of the market will bring about the next crypto bull run.

“It’s critical now that the ecosystem focuses on protecting users first and foremost, but also on innovating and building in order to bring crypto and Web3 more deeply into people’s daily lives.”

He continued and said the following:

“I believe that infrastructure and data tools will continue to grow and advance and that we’ll see Web3 ownership evolve, with a rise in non-custodial and multi-chain wallets. Our industry has created a number of Web3 peripheral products that have demonstrated a basic ability to provide utility for users – from NFTs to GameFi.”

Zhao also stated this:

“I believe that the next bull market will come from innovation in the ways these products are used to create unique utility.”

Here’s what the crypto exchange plans to do in the near future.

Voyager revealed the fact that Binance.US, a subsidiary of the world’s largest crypto exchange Binance, is the highest bidder for its assets at $1.022 billion.

As the online publication mentioned above notes, the bid price includes the $1.002 billion estimated current value of Voyager’s cryptocurrency portfolio.

In a press release, Voyager stated the following:

“[The Binance.US offer is] the highest and best bid for its assets after a review of strategic options with the core objective of maximizing the value returned to customers and other creditors on an expedited timeframe.”