Binance CEO Said We Invested In 67 Projects In 2022, Evaluates Bitcoin Winter!

The big one he had last night BNB with the hacking incident Binancetrying to get rid of the effect of the event.

Speaking on CNBC’s Squawk Box about the hack, Binance CEO CZat the same time Bloomberg He also did an interview with

Talking about the already ongoing bear market, CZ said, crypto- He said that despite the long winter going on, Binance could spend more than $1 billion on acquisitions and investments in 2022.

Stating that Binance has invested in 67 projects with an amount of 325 million dollars so far in 2022, CZ stated that this figure is 140 million dollars for 73 projects in 2021.

CZ was reminded of FTX’s acquisition of cryptocurrency lending platform Voyager, and was asked what is Binance’s view on buying a crypto lending platform.

“We’ve looked at a lot of lending platforms in recent months, but many of them simply take one user’s money and give it to another.

It doesn’t have much intrinsic value. What will you get with the purchase? We want to be interested in real products and platforms that people use.”

CZ also said that Binance may also be interested in acquiring minority stakes in traditional e-commerce and gaming companies in the coming months.

In this context, CZ is very keen on Binance’s investment strategy. “Binance has a $7 billion fund investing in deals and more than 30 members focused on acquisitions.” said.

Finally, pointing out that the conditions of the bear market are difficult, Binance CEO said that despite the risks and pain, there are opportunities in the bear market.

“We will likely see more market consolidation during the bear market.

There is a lot of risk and a lot of pain in bear markets, but there is also a lot of opportunity.”

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