On October 31st, CZ said in an interview at the main venue of Binance Blockchain Week in Dubai, "I can't predict the future, but I can analyze history. Historically, Bitcoin has gone through a very clear four-year cycle. 2013 and 2017 were bull markets. But in fact 2012 was a" recovery year ", and many people didn't go back that far. 2016 was also a" recovery year ", and 2017 soared. 2020 was also a" recovery year ", and 2021 was a bull market. So based on the existing analysis, 2024 should also be a" recovery year ". As for what will happen next year, it is not clear, but in the long run, I am still very optimistic about the entire industry."