CZ: Capital Flowing into AI, Geopolitical Tensions, and Four-Year Cycle Jointly Cause Crypto Market Crash

CoinFeed reported on June 27 that according to Coindesk, Binance founder CZ shared his full assessment of the crypto market crash in the first half of 2026. This downturn did not have a single trigger; it was driven by three factors: geopolitical tensions, massive capital flowing into the AI sector, and the crypto four-year cycle. Bitcoin hit an all-time high of $126,000 last October and has since dropped about 50%, with a yearly high of $96,000 and currently hovering around $60,000. CZ stated he is not worried about the industry's long-term development; demand for fintech transactions continues to expand, AI diverting short-term hot money is positive in the medium to long term, and he is bullish on the price discovery value brought by prediction markets.