Binance CEO Predicts Cryptocurrency Bull Run "Sooner or Later," Reveals Business and Industry Remain "Healthy"

Despite 2018's prolonged and notorious bear market across all cryptocurrencies, Binance CEO Changpeng Zhao remains optimistic about the future of the volatile asset class; proclaiming a bull run can be expected "Sooner or later."

Popularly known by his initials "CZ," Zhao notes that Binance is having a stellar year regardless of the market slump.

He reveals that active traders on the platform have increased month-on-month, while deposits of bitcoin, ether, and other altcoins have gradually grown as well.

Zhao stated his thoughts on crypto-focused talk show CNBC Crypto Trader, expressing the broader cryptocurrency market and his crypto-exchange remain in a "Healthy" position.

Binance registered revenues of over $3 billion in the first half of 2018, while the crypto-market saw its value decrease from $800 billion in January to sub-$200 billion at the time of writing.

Pioneer cryptocurrency Bitcoin has fallen by 70 percent, while XRP and Ethereum have seen 80 percent losses.

"Even if I don't know what will catalyze a bitcoin bull run, I am certain it will happen. Sooner or later, something will trigger it."

While Zhao remains clueless about the inevitable bitcoin catalyst, his peer Erik Voorhees, CEO of ShapeShift, thinks the rising U.S. debt will trigger the next bitcoin price surge.

Voorhees notes the world's $20 trillion debt looms over all significant governments and banks, which needs to be printed unethically.

Zhao is hoping institutional investors are attracted to the volatile asset class.