Squawk Pod: Davos 2026: Binance Founder CZ - 01/25/26 | Audio Only

Watch on YouTube ↗  |  January 25, 2026 at 14:00  |  21:22  |  CNBC
Speakers
Changpeng Zhao — Founder, Binance

Summary

Andrew Ross Sorkin interviews Changpeng Zhao at Davos after his prison term and pardon. CZ discusses his imprisonment, the pardon process, Binance's relationship with the Trump family's crypto venture, and his reduced role at Binance. He also shares crypto market views, including long-term holdings in Bitcoin and BNB and a forecast for a 2026 Bitcoin super cycle. He comments on U.S. crypto regulation, stablecoins, and competition between Binance and Coinbase.

  • CZ reflects on prison, the pardon, and why he would block U.S. users if starting Binance again.
  • He denies any business connection between the pardon and Binance's dealings with World Liberty Financial/USD1.
  • CZ says he is a passive Binance shareholder and does not plan to return to management.
  • He expects a 2026 Bitcoin super cycle, citing pro-crypto U.S. policy and global adoption.
  • CZ says he personally holds Bitcoin and BNB and does not trade or time markets.
  • He sees room for multiple crypto exchanges and says the industry has large untapped potential.
  • He comments on Binance US's potential revival after the SEC lawsuit was dropped and banking access returned.
  • CZ says he advises governments on crypto regulation, tokenization, and stablecoins.
Ideas
Changpeng Zhao Founder, Binance 0:58
Holds Bitcoin; sees 2026 super cycle.
CZ says he personally holds Bitcoin and does not trade or try to time the market; he expects a 2026 'super cycle' for Bitcoin, likely breaking the historical four-year boom-bust cycle because the U.S. is pro-crypto and other countries are following, and he sees a 5-10 year upward path.
BTC HIGH
Changpeng Zhao Founder, Binance 8:36
Pro-crypto policy helps crypto industry.
CZ says the Trump administration's pro-crypto posture helps all crypto businesses and is good for the crypto industry, providing a broad regulatory tailwind beyond Binance.
BITQ MED
Changpeng Zhao Founder, Binance 16:43
Crypto exchange space has huge potential.
CZ argues the crypto exchange market can support multiple exchanges and says competition will improve service and pricing; he says the industry has barely touched a small fraction of its total potential, implying a large long-term growth runway.
Crypto exchanges MED
Changpeng Zhao Founder, Binance 18:11
Holds BNB long term.
CZ says he does not day trade or try to time markets and personally holds BNB as a long-term holding, implying continued long-term exposure to the Binance ecosystem token.
BNB LOW
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This CNBC video, published January 25, 2026, features Changpeng Zhao discussing BTC, BITQ, Crypto exchanges, BNB. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Changpeng Zhao  · Tickers: BTC, BITQ, Crypto exchanges, BNB