CZ claims that one day, blockchain technology will become bigger than the internet and since he is among the most influential people in the crypto community, it’s better to understand why he believes that so let’s read further in the Binance news.
The founder and CEO of binance shared his opinion on the market and his belief that blockchain will have a significant impact on the world than the internet. According to a recent interview, CZ claims that he doesn’t follow the day to day crypto price actions and according to him, the short-term price predictions are very hard to do because the market cannot handle the news well and it overreacts usually. However, he truly believes that blockchain could have a huge global impact and stated:
“The market always overreacts. It’s very hard to predict price short-term, but if you look at 3, 5, 10, 100 years out, blockchain is going to have a bigger impact on our society than the internet. Right now, there’s probably around 0.1% of our population who has crypto, or probably less, so there’s got to be a thousand times more it can grow, potentially. We know that this technology is not going away; it’s going to disrupt the world; it’s going to disrupt our lives.’’
He also noted that there are a lot of cryptocurrencies that have a limited supply and according to him, more people are going to get involved with the industry so ‘’the price will have no other reaction but to get up.’’ The second-largest country by GDP is a hot topic within the community as of late while the ban for crypto is still active and the officials in the country are still pro-blockchain and want further adoption.
CZ also confirmed that ‘’blockchain, not bitcoin’’ narrative that China is pushing. However, he says that he owns the largest cryptocurrency in the country is still not illegal but he mentioned a few cases where the people lost their bitcoins and the court ruled in their favor to protect their assets:
“My own understanding would be that it will be very logical for the Chinese government to say, “Hey, the Chinese Central Bank-issued coin (DCEP) should be the only one used in the country.” Also, the DCEP – people are taking out of context. It was originally named Digital Currency / Electronic Payments. It should be used only for online payments. It’s not going to be a cryptocurrency like Bitcoin, where you can do whatever you want with it. […]’’
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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