Cryptoquant CEO expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing that this could lead to major market movements. “The optimism is everywhere,” he said, noting that CZ “just needs to post ‘I’m back’ and the market will skyrocket.”

Cryptoquant Founder Expects CZ's Return to Boost Market Growth

Ki Young Ju, CEO of blockchain analytics firm Cryptoquant, shared his predictions for the cryptocurrency market in a post on social media platform X on Friday. The CEO believes that Binance founder and former CEO Changpeng Zhao (CZ) returning from prison will make waves in the cryptocurrency market. He wrote before Zhao was released from U.S. custody on Friday:

CZ was out early today — bullish feeling everywhere. Don't know why, but I feel it too. He just needs to post 'I'm back' and the market will skyrocket.

In another X post, the Cryptoquant CEO discussed Zhao’s influence in the crypto space, noting that high-profile individuals like CZ often become scapegoats when industries fail to live up to expectations. “Society points to the most influential figures as the guilty party,” he remarked, acknowledging that there are many factors contributing to the industry’s struggles.

He also pointed out that although the cryptocurrency market has absorbed a huge amount of capital, its intrinsic value has not increased proportionally, the main reason for this disconnect is due to challenges such as crime and the industry's lack of maturity.

Ultimately, the Cryptoquant CEO encouraged the crypto community to recognize Zhao's positive impact, which in his view overshadows any mistakes. He commented, "Without Binance, the crypto industry would not have attracted the massive global liquidity it benefits from today," arguing that CZ's contributions deserve to be reassessed. CZ was released from US custody on Friday after serving a four-month sentence.

What do you think of Ki Young Ju’s views on CZ’s return and its potential impact on the market? Let us know in the comments below.
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