The recent months and better part of the past year has been a tough ride for Bitcoin and cryptocurrency investors alike as the bear market has strengthened and shows no signs of slowing down.
However, many of us are still here and see the silver lining that could lead to the next bull run. Nobody knows for sure how or when it will happen, but crypto enthusiasts around the world remain confident it will happen, eventually.
Binance Boss Thinks Amazon is the Catalyst for Next Bull Market
One such crypto enthusiast who believes in another bull run is Changpeng Zhao (CZ), the CEO of crypto exchange giant Binance.
CZ clearly believes in crypto and an impending bull run as he runs the world’s largest crypto exchange by trading volume and is launching Binance Chain. Which is the company’s proprietary blockchain to host millions of coins, thousands of blockchains, and its first product, a decentralized exchange (DEX).
Now, CZ recently stated he thinks the giant online retail conglomerate, Amazon could be the catalyst for the next Bitcoin bull run.
What do you think will be the trigger for the next bull run?
(I get asked this question often, and honestly, I don’t know the answer, other than keep building)
— CZ Binance (@cz_binance) December 8, 2018
These thoughts of his came to light when he took to twitter, asking his followers what they think the trigger will be for the next bull run. His followers had a lot to say, one of which, Crypto Guy @Ankit4043, joked that CZ could lead a bull run simply by buying up loads of bitcoin.
CZ then replied stating he couldn’t, but Amazon’s Jeff Bezos could. Following up by saying:
Waiting for the day Amazon accepts (or issues) crypto.
I think we can all agree with CZ’s statement that if Amazon accepted or issued crypto, the next bull run would begin immediately. However, this has yet to happen and the crypto sector is lacking mainstream adoption from big players like Amazon.
While, cryptocurrency has yet to capture adoption from large conglomerates like Amazon, Facebook, Google, etc., the number of cryptocurrency users continues to grow. A new study published by the Cambridge Centre for Alternative Finance, shows the onboarding of new users and cryptocurrency adoption has increased.
Also, the Android Opera web browser has just released an updated version with a built-in crypto wallet for the support of storing ERC-20 tokens, ERC-721 collectibles, and connecting to dapps. Therefore, with developments like this, we can expect cryptocurrency adoption to increase even more.
What do you think will lead the next bitcoin bull run? Will increased crypto adoption or something else cause it? Let us know what you think in the comment section below.