Changpeng Zhao (CZ), CEO of the world’s largest cryptocurrency exchange Binance, shared on Twitter after the announcement of the inflation data for June.
Binance CEO said after the release of US inflation data in sharing made the following statements:
Read (by sharing a link) that 80% of the circulating dollar has been printed in the last 2 years. If that’s true, which is what the graph looks like, an inflation of 9.1% is pretty low. How did they achieve this?
Afterwards, the CEO, who shared another post, said, “Inflation If you think it will be 80% You are wrong too. 80% of it was published in the last 2 years, which means 500%.” made statements.
The number of US dollars in circulation within 2 years Although it increased 5 times inflation rate at 9% levels The finding seems to have taken the Binance CEO by surprise. But the CEO’s low Despite these data including traditional markets increase in volatility in all markets showed.
With the announcement of June inflation, the price of Bitcoin is approximately 7% depreciating 20,100 from dollars $18,900 levels dropped.
U.S. President Joe Biden declared inflation rate unacceptably high said that. Also, Biden is with the central bank. by collaborating He said they would do their best.