Changpeng Zhao, former CEO of Cryptocurrency ExchandE Binance,. I mentioned The “major currencies must do mostly” amid a major collapse in the market.
Zhao, the richest coded currency pole, stated that some market participants feel the pain that their holders have long had to carry several times before. “Waiting is never easy,” he added.
The billionaire has also appeared to have rejected the idea that exchanges are able to predict the market. He gifted to him Presscient price predictions To the ability to predict the long -term market trends. According to CZ, such trends are actually easy to see.
“Easy to see long -term trends. Technological innovation will continue. Internet, Blockchain, artificial intelligence, biotechnology … you don’t need to be an exchange to find out.”
Related
Former Binance CEO believes that the performance of Bitcoin price is closely related to economic indicators only in the short term.
Earlier today, the price of the largest encrypted currency collapsed to $ 77,527, the lowest level since early November.
The cryptocurrency fell along with the US Securities Market.
The NASDAQ index has now decreased by more than 4 %, and is currently on the right track to record its worst decline since 2022.
