RATE Group | Binance CEO Dismisses Doubts About Future of Cryptocurrency
68830
post-template-default,single,single-post,postid-68830,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Binance CEO Dismisses Doubts About Future of Cryptocurrency

16 Nov Binance CEO Dismisses Doubts About Future of Cryptocurrency

Posted at 14:47h in Cryptocurrency News by

[ad_1]

In a recent interview with Bloomberg, Binance Founder & CEO, Changpeng Zhao “CZ” shared his views on several prevalent issues in the blockchain and cryptocurrency sectors.

 

Answering the question related to the opposition from regulators regarding cryptocurrency and specifically about the recent statement of former ECB President Jean Claude Trichet, “Bitcoin is not real and Not the future of Money,” CZ explained that there are different time-frames of view. If the short-term view is taken into consideration, Bitcoin and other cryptocurrencies are smaller market cap instruments and are subject to higher volatility. But if a longer-term view of around 5-10 years is considered, the industry has the potential to stay and grow higher.

 

CZ also applauded China’s efforts towards the adoption of blockchain technology. China is investing extensively in blockchain technology and on the education of blockchain technology as well. He opined that sooner or later, other countries would…

[ad_2]

Source link

Tags:
, , , , ,