Case Disclosure From Binance CEO: Nobody Can Close Bitcoin2 min read

Changpeng Zhao

In an interview, CZ, the CEO of the cryptocurrency exchange Binance, made statements that gave confidence to the market and encouraged the investor. CZ stated that it is not possible to kill Bitcoin and Blockchain technology.

The turbulent process in the crypto money markets, most of all, pleased the governments and the parties against the cryptocurrencies. Because the number of critics of these investment tools started to increase gradually, the fact that governments wanted to make regulations on crypto currencies scared both existing and new investors. However, CZ, the founder of the world’s largest cryptocurrency exchange Binance, made statements in direct opposition to those who had negative views about cryptocurrencies, giving the investor confidence.

Changpeng Zhao, who gave an interview for the virtual event called Consensus 2021, organized by the platform named CoinDesk, said that there are more than 500 million supporters behind Bitcoin, which should never be underestimated. Expressing that it is not possible to end both Bitcoin and Blockchain technology, CZ emphasized that no one can afford to close Bitcoin.

Rejecting Bitcoin is the same as rejecting Amazon in the 90s

Stating that some investors understand their opposition to Bitcoin and other crypto currencies, Binance CEO states that in the 90s, people criticized Amazon’s online business model and that these criticisms are also made for Bitcoin today. CZ, making a lecture sentence on this subject, mentions that Bitcoin and other cryptocurrencies are not designed to disrupt the current order, but to provide “freedom of money”.

Changpeng Zhao, who attributes the hard attitude of governments to Bitcoin to the new technology, states that there are things that are not clear in the eyes of the governments, so they do not look favorably on cryptocurrency and blockchain technology. Talking about the need to establish a common mind and work on the subject, CZ states that if exchanges, government representatives and crypto money developers come together and work, all uncertainties will disappear.

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