Changpeng Zhao (CZ), CEO of the world’s leading cryptocurrency exchange Binance, said that the declines in the crypto money market are healthy for the long term.
last week CNBCof “Squawk on the StreetBinance CEO who was a guest on the program ” CZ, drops in the cryptocurrency market about in the statements found.
Long-term declines healthy who thinks he is CZthe market a little reset He said he needed:
Honestly it needed a little reset and I think it’s pretty healthy. The cryptocurrency market has recently attracted many participants who do not believe in this space. Many of these were usually speculators. Such participants should not be more than necessary. If it does, there is more demand than it should be in the market, and after a while, of course, there are corrections. I think these fixes are pretty healthy.
markets in both directions. to the extreme stating that he ran away Binance CEOThis is why the cryptocurrency market only believe in the industry, involved in technology and people who understand how to use it She suggests that she should attract him.
CZ also in his speech Terra (Luna) your downfall disabling weak players and the market is now bitcoinin (BTC) $69,000 at its all-time high (ATH) in a healthier state said that:
Considering the Terra (LUNA) collapse, many people were negatively impacted, but at the same time, weak investors in the market were weeded out. I think the market is much healthier now than it was 6-9 months ago when Bitcoin was $69k. Now we see that only the people who produce remain in the sector. Investors in the industry now have a long-term perspective. In fact, the market is currently much healthier than its all-time high (ATH).
Since the day the crypto money market started to decline, he has made predictions about the market many times. CZFinally, he said that when the market reaches the ATH level again, the recent declines will remain as a correction, and this will be referred to in retrospect.