Changpeng Zhao (CZ), CEO of crypto exchange Binance, made statements about the recent declines.
Binance CEO CZ, a recent social media in your post in cryptocurrency markets ripples to the reasons And Current status of bitcoin made statements regarding
No one knows for sure why the market goes up or down. cannot be known The reasons given when stating misleading stressed that. Many on the market buyer and seller He stated that there is a problem and that each of them may have their own reasons.
Explaining the rumors circulating, CZ stated that Binance reserves are not converted into fiat money and such claims are generally made for speculation. In addition, the market why you might have fallen Implying that US sanctions and billions of dollars worth of altcoin claims in Robinhood are among the many rumors, CZ said that these ephemeral manipulations there is no clear indication reminded.
Expressing that he has a reason for himself on every side, CZ has said that in the past China, which came to the fore with bans front now exhibits an embracing attitude, it was seen as a safe zone in the past. of the USA if now the hardest news He wrote that he was a party. At this point, he stated that it would be difficult to predict who bought why and who sold why.
Pointing to greed and fear, two emotions that must be managed in any market, the CEO told users that they should manage their risks. On the other hand, at this point, Binance biggest responsibility to the market Whatever the circumstances ensure the smooth operation of the platform stated that.