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Changpeng Zhao: the global fracturing leads to higher adoption of cryptocurrencies

CEO of Binance Changpeng Zhao

The CEO of the Binance cryptocurrency exchange believes that sanctions and the US dollar's supremacy will push foreign corporations to seek refuge in cryptocurrency. During a podcast interview with Circle CEO Jeremy Allaire, Changpeng Zhao stated that as geopolitical tensions rise and the US dollar's hegemony grows, so will the adoption of cryptocurrencies by society. Zhao observed that the world is growing more divided, and that the dollar is increasingly being used as a sanctioning tool:

Money is a very powerful tool with which governments can influence each other, geopolitics and much more. The dollar is one of the strongest instruments the US has at its disposal.

Changpeng Zhao CEO of Binance

The fracturing of the global community, according to Binance's CEO, leads to even higher adoption of cryptocurrencies:


The world is becoming more divided. Guess what will happen when this trend intensifies? People will seek to use the currency as a tool to circumvent sanctions and other operations.

Changpeng Zhao CEO of Binance
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Changpeng Zhao: cryptocurrencies are the future of the global financial system

Changpeng-Zhao-cryptocurrencies-future Changpeng Zhao | Binance Founder

The founder of the Binance cryptocurrency exchange, Changpeng Zhao, suggested that institutions pay attention to cryptocurrencies. In an interview with Bloomberg, Binance CEO Changpeng Zhao stated that many institutional investors are wary of investing in cryptocurrencies as it is too risky. But given the growth of the market, he invites all large companies to pay attention to cryptocurrencies. 

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Changpeng Zhao: No one can destroy Bitcoin and blockchain

Changpeng-Zhao-No-one-can-destroy-Bitcoin Changpeng Zhao | The founder of the Binance exchange

The founder of the Binance exchange, Changpeng Zhao, said that no amount of regulatory action will be able to destroy Bitcoin and the blockchain. It is much more effective to work out a clear regulation of cryptocurrencies. Changpeng Zhao expressed his opinion at the virtual conference Consensus 2021.

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Changpeng Zhao: $ 1 billion cryptocurrency transaction shows bank failure

Changpeng-Zhao--1-billion-Bitcoin Changpeng Zhao | Binance CEO

Binance cryptocurrency exchange CEO Changpeng Zhao said a recent $ 1 billion cryptocurrency transaction shows bank failure.

He expressed his opinion on the social network Twitter in a commentary on the post of cryptocurrency enthusiast and entrepreneur Charlie Shrem. Shrem noted that the people who conducted the transaction paid $ 600 for the transfer of $ 1 billion in Bitcoin and, in his opinion, greatly overpaid. 

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Forbes published a rating of cryptocurrency billionaires

ICO-LINK-NEWS-Forbes-published-a-rating-of-cryptocurrency-billionaires

Forbes magazine published a rating of billionaires, which multiplied their capital due to virtual currency. Americans are in the lead on this list. On the first line is co-founder of the third most popular cryptocurrency Ripple, former CEO of Chris Larsen with a fortune of 7.5-8 billion dollars. The volume of Ripple's capitalization reaches $ 29 billion. In the monitoring, Forbes experts analyze Larsen's own cryptocurrency state with a 17% stake in Ripple.

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