Bitcoin $ 30,000 again?
No one can exclude Bitcoin, says the executive director of Binance, and in the continuation of the article, we will single out a part of his statements.
The fight against bitcoin and other cryptocurrencies would now be similar to refusing to accept Amazon’s Internet business model when it first began in the early 1990s. Cryptocurrencies are not here to kill traditional finance or fiat currencies supported by the government but to provide greater money freedom.
A cryptocurrency is just a new tool that can increase the freedom of money worldwide, said Zhao to CoinDesk advisor Nolan Bauerle, adding that he does not see them as competition to regulators, and there is a way to work together. Zhao’s claim comes when Binance, the largest cryptocurrency exchange, faces heightened regulatory oversight. Bitcoin and other cryptocurrencies face their own regulatory barriers once they become more popular than ever. It’s not just regulators in the US; government entities worldwide have raised questions about the business of Binance, a company that claims to have no headquarters in a particular country or region.
Zhao said his company does not wont to fight any government or country, adding that doubts about how Binance is acting are likely due to a lack of regulatory clarity and that we are not going against governments. There are cases when regulators or rules are not very clear. They are still being established in most parts of the world, so there are gray areas. But we had to experiment and work together and figure it out. “
Zhao does not seem to have a clear strategy for his company. However, Binance is heavily involved in almost all trendy crypto innovations, whether decentralized finance (DeFi), irreplaceable tokens (NFT), or real-world tokenized assets. “I’m not smart enough to predict what will happen, which will be hot, which users will adopt,” Zhao said. The way Binance is organized is that we only have a lot of experiments.
His entire interview can be translated as an excuse for his shortcomings. Rapid virtual enrichment without material resources in the form of visible assets can shatter their dreams, and that this virtual financial crypto world can be turned off by unplugging a cable.
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