Zhao Changpeng responds to the differentiation in public opinion about himself: it may be influenced by market bull and bear cycles, industry environment, and changes in market sentiment

Feb 01, 2026 16:34:18

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Dragonfly managing partner Haseeb posted on platform X that in the past few months, the public perception of Binance founder Zhao Changpeng (CZ) has seen a significant reversal: he was once viewed as a "hero" by some in the community upon his release, but currently, some opinions equate him with negative figures like SBF. He believes that both extreme views are unreasonable, but they reflect an interesting phenomenon of changing market sentiment.

CZ subsequently responded that both viewpoints are overly simplistic and may be related to changes in market cycles and the macro environment. For example, the crypto industry previously experienced a more sympathetic sentiment under regulatory pressure, while currently, in a relatively friendlier policy environment, if Bitcoin does not continue to reach new highs, market sentiment may turn negative. This could also simply be a change in sentiment driven by bull and bear cycles. He stated that the team will continue to focus on building and thanked the community for their support.

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