Binance founder CZ says follower growth was early-cycle indicator

  • Changpeng Zhao linked accelerating X follower growth with cryptocurrency market cycles.
  • Bitcoin gained 23.32% to $78,183, while BNB rose 17.96% to $688.54.
  • Zhao said follower growth was a personal observation lacking conclusive research.

Binance founder Changpeng Zhao, widely known as CZ, said accelerating growth in his X follower count had been a consistent early indicator of cryptocurrency market cycles across multiple periods. He cited an Aug. 12 post linking steady follower gains with a rising BNB price, while acknowledging that the relationship remains a personal observation without conclusive research. Zhao remains a prominent Bitcoin advocate and says investors can seek to maximize returns by selling during peak greed and buying during peak fear. His fortune is estimated at $114 billion; Forbes says he owns about 90% of Binance and a significant amount of BNB. Zhao has said BNB represented more than 98% of his cryptocurrency portfolio, compared with 1.32% for Bitcoin. His comments came after Bitcoin gained 23.32% over 30 days to $78,183 and BNB rose 17.96% to $688.54.

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