By Isaac • June 28, 2026 12:13 pm •
Changpeng Zhao, the founder of Binance, says there is no single reason crypto is having a hard 2026.
He points instead to three forces pulling at the market at the same time: money rotating into AI, geopolitical tension, and the old four-year crypto cycle.
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Bitcoin sets the backdrop. After topping $126,000 in October 2025, it has fallen hard and was trading near $60,000 around the time of his comments.
Zhao stayed long-term bullish anyway, saying demand for financial technology should keep growing from here.
LATEST: Binance founder CZ links crypto’s 2026 bear market partly to money flowing into AI pic.twitter.com/rRYl4XicSV
— crypto.news (@cryptodotnews) June 28, 2026
Crypto.news reported CZ’s three-part explanation for crypto’s weak 2026
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