Crypto is More Stable than the Rest of the Financial System, Says CZ
Join Our Telegram channel to stay up to date on breaking news coverage This year, Bitcoin has dropped by more than 70% from its all -time high . At the time of writing, BTC was trading at around $20,200. Despite this year’s harsh bear market, the CEO of Binance, Changpeng Zhao, argues that crypto is more stable than the rest of the financial space. Binance CEO says crypto is stable than other financial markets While speaking at Web Summit in Lisbon, Zhao said that while cryptocurrency prices were highly volatile, the technology, fundamentals, and limited supply remained intact. “It has been the most stable thing, technology-wise, in this turmoil situation.” 💸 @cz_binance, the CEO of @binance, took to Centre Stage to share an alternative view of the stability of this crypto winter . pic.twitter.com/HqANBCKYNj — Web Summit (@WebSummit) November 1, 2022 Zhao also addressed the regulatory framework surrounding the crypto space as Binance pushes ...