The current downturn in the cryptocurrency market is a good reason to buy bitcoin for the long term. Changpeng Zhao, the head of one of the most famous cryptocurrency exchanges Binance, holds such an opinion.

In his opinion, the bearish trend in the market should not discourage traders from investing in bitcoin. Moreover, they should start investing their spare finances in a large amount of the first cryptocurrency. As a role model, the head of Binance cited MicroStrategy, which bought 480 BTC worth about 10 million at the end of June. Their management intends to continue supporting bitcoin, even despite their own financial losses due to the market crash.

Zhao also mentioned El Salvador's President Nayib Buquele, who recently added another 80 units to his country's coffers for the first cryptocurrency. The head of Binance believes that traders who survive today's difficult conditions will be able to significantly multiply their investments during the next bullish trend.

The businessman concluded by adding that digital assets will continue to evolve one way or another. In years or even decades, more and more different platforms and services will appear in the world, and the cryptocurrency industry will not stop attracting investors and enthusiasts around the world.