The current bear cryptocurrency market hasn’t lulled the enthusiasm of the crypto lovers, who believe that the next crypto bull is just around the corner. Adding the spice of humour in the equation, Changpeng Zhao, the chief executive of major global bitcoin and cryptocurrency exchange Binance states that Amazon’s Jeff Bezos can aid the market towards its next bull.
Zhao, who is often addressed as CZ, asked his Twitter followers to share what they think will trigger Bitcoin (BTC) to recover and make a bullish run. He stated that he “get asked [what will trigger the next bull run] often, and honestly, I don’t know the answer, other than keep building.” So he asked the Twitterati to give him suggestions. Things got interesting when a particular chap, Crypto Guy @Ankit4043, suggested that if CZ could buy all the bitcoins currently in circulation, it will spark a bull run for the token.
https://twitter.com/Ankit4043/status/1071333819612102656
CZ being CZ took this comment and gave it a humorous twist, he stated that he couldn’t buy all BTC, but the world’s richest person, Jeff Bezos, the Amazon CEO perhaps could purchase all of it and bring on the bull run as suggested by Crypto Guy @Ankit4043.
https://twitter.com/cz_binance/status/1071334429618954241
When the Twitter user asked him to bring Bezes on board on Binance, the CEO replied:
https://twitter.com/cz_binance/status/1071335596532985859
In saying so, CZ also implied that if Amazon jumps on the crypto wagon, the troubled market will surely see some positive changes. Bitcoin and other cryptocurrencies have entered a bear market that the investors are calling Crypto Winter.
BTC’s epic 2017 bull run, that took the price from under $1,000 at the beginning of the year to an overwhelming almost $20,000 in fewer than 12 months. This was expected to trigger the inflow of institutional investors. Though some did join the wagon most did not as the price points started to dwindle throughout 2018.
This and a few other catalysts have pushed investors in the uncertainty zone, pushing them to bail out of their positions. This event further dragged the cryptocurrencies towards their current bottom. Most bullish of the lot have also being predicted that bitcoin and other altcoins will surely fall further before some recovery phase starts.
The ecosystem currently does require men like Jeff Bezos, who has taken Amazon from an online bookseller operating out of his garage to the world’s largest retailer, to entrust in the brighter future of cryptocurrencies. While even in the bear situation an increase in cryptocurrency adoption has been observed, for the bull to happen, companies like Amazon need to jump the wagon.
Read more: Helio, A Melbourne-Based Company Will Offer Crypto-Backed Loans
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