Binance’s CZ: High Inflation And Recession Fears Will Drive Bitcoin Adoption

Binance’s CZ: High Inflation And Recession Fears Will Drive Bitcoin Adoption


It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head. In less than 2 minutes. Most of the things CZ said are based on common sense and a basic understanding of market forces, but still, it’s calming to hear a leader of the industry saying them. Especially in this fear-ridden stage of the cycle we’re in.

[email protected] CEO @cz_binance: The macroeconomics situation will be high inflation, the talk about recession…all of those things drive adoption into #[email protected] pic.twitter.com/EP8OHwPeAa

— Squawk on the Street (@SquawkStreet) July 28, 2022

Notice that even though Binance’s business is dependent on altcoins’ performance, especially BNB, CZ makes a clear distinction

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