CZ Reassures, Schwab Exec Sees Opportunity in Volatile Market

Binance founder Changpeng Zhao, known as CZ, reassured investors on Tuesday that Bitcoin will not be 'dead for long' following a recent market slump.

CZ's comments came after Charles Schwab's Head of Crypto Research Jim Ferraioli outlined a more constructive long-term view for the asset class at the DACFP Crypto Convergence conference.

Ferraioli argued that Bitcoin remains attractive from a valuation perspective and that periods of market weakness could offer attractive entry points for long-term investors. He noted that Bitcoin's annualized volatility has declined significantly over successive market cycles, falling to around 40 in the current cycle from 60 in the previous cycle and roughly 80 in the one before that.

Ferraioli also revealed that approximately 20% of spot Bitcoin ETF assets originate from Schwab clients, highlighting continued institutional participation despite recent market turbulence. He pointed to the imbalance between the growth of the global money supply and Bitcoin's fixed supply as a fundamental investment case for the asset class.