Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange Binance, drew attention with his sharing about the supply-demand balance of Bitcoin (BTC).
Binance CEO Changpeng Zhao featured Bitcoin in a recent social media post. A user’s supply of Bitcoin and with less than 1 Bitcoin the share he made at the request of investors quoting CZ, supply and demand emphasized the simple and directly proportional flow between
in bitcoin price the reason for the inevitable rise Heading to this post as CZ, forward-looking positive made an allusion:
Supply and demand. Simple.
In the post quoted by CZ, he has holding less than 1 Bitcoin And prawn the investor group called as 33 thousand 800 Bitcoin purchases was located. Compared to this, approximately 27 thousand Bitcoins were offered The user pointed to the increasing stability of demand.
Bitcoin compared to dollars and other fiat currencies have a limited supply Until now, it has been one of the top priorities for investors who prefer Bitcoin.
In the last 1 week according to CoinGecko data 0.4% rise living Bitcoin, at the time of writing At $30,454 is being traded.