Binance Boss Changpeng Zhao: Crypto Maybe The Only One Stable In The Current Situation

Binance CEO Changpeng Zhao. (Photo; Doc.CryptoTendencia)

JAKARTA The founder of the world's largest crypto exchange Binance, Changpeng Zhao (CZ), stated that cryptocurrencies will be stable amid the decline in the market, the crypto winger. CZ made a statement in an interview at the Web Summit held in Lisbon, Portugal.

He believes in crypto stability amid a global decline in both the equity market and digital assets. Zhao shared his bullish views on crypto assets even though the bear market has seen the price of Bitcoin (BTC) slump by more than 74% from an all-time high.

Crypto may be the only thing that is stable in this very dynamic environment. Prices are fluctuating, but if you look at the technology, if you look at the basics of cryptocurrencies - limited supply, nothing has changed. This has become the most stable in terms of technology in this whole chaotic situation," CZ said, quoted by DailyCoin.

According to him, crypto will still experience significant growth. In September, Zhao shared his thoughts on how regulation would help encourage the global adoption of crypto assets.

I believe that having regulatory clarity would actually facilitate adoption. There is a group of people who enter crypto earlier, many of them may be libertarian, anarchist, etc. They hate all kinds of regulations. They hate all kinds of regulations, "said CZ.

Furthermore, the Binance boss explained that the regulation would clearly provide convenience to 90 or 95 percent of users who have not used cryptocurrencies.

The clarity of regulations will definitely help. But that doesn't mean all regulations can be good. We have to look at specific regulations. For example, we've seen in other countries where they have a clear prohibition against crypto. That's one type of regulation that's definitely not good..." said Changpeng Zhao.