world’s largest cryptocurrency Changpeng Zhao, CEO of the exchange Binance, talked about the bottom in Bitcoin and the crypto market in his statement.
Binance CEO Makes a Twitter Post Implying That The Cryptocurrency Market Is At Its Bottom
According to Binance CEO, there should be maximum greed at the top and maximum fear at the bottom. CZ shared his thoughts on Twitter:
“Remember:
Maximum greed is at the top.
Maximum fear is at the bottom.
Not financial advice. I’m just stating a fact.”
Remember:
Maximum greed happens at top.
Maximum fear happens at bottom.Not financial advice. Just stating a fact.
— CZ 🔶 Binance (@cz_binance) December 17, 2022
Peter Schiff, known for his anti-Bitcoin (BTC) statements, made the following statement in response to CZ:
“If you’re talking about cryptocurrencies, we’re nowhere near the bottom. In fact, we are still much closer to the top. There is still a lot of greed and almost no fear.”
Schiff recently stated that he still has negative thoughts about cryptocurrencies, but that the Blockchain technology underlying them is promising.
In addition, a Twitter user told the Binance CEO if the company is in a bankrupt situation and asks him to give a simple answer. CZ made the following statement on this subject:
“Of course we’re not going bankrupt.”
Recently, Mazars, which oversees major exchanges such as Binance and Crypto.com, announced that it will no longer work with crypto money companies, causing a wave of FUD and decline in the market.
*Not investment advice.
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