Svmuu News CZ posted on platform X stating that, as a shareholder, he hopes for Binance's valuation to increase, but the reality is that when cryptocurrency prices fall, Binance's valuation cannot increase. Binance is the largest cryptocurrency exchange, and its growth and contraction are synchronized with the industry. A crypto winter means reduced trading volume, and low coin prices mean reduced transaction fees. Therefore, he or Binance always hopes for industry growth, or more explicitly, for the prices of all mainstream cryptocurrencies to rise. He or Binance never shorts or attempts to "suppress prices."
CZ stated that although he appreciates Forbes' high praise for Binance, Forbes' estimation of his net worth growth based on Binance's recent valuation increase is, at least in his view, illogical.
CZ: Forbes' estimation of my net worth growth based on Binance's recent valuation increase is illogical
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Coinbase is down 14.04% from its previous close, now trading at $138.050.
-
2
Coinbase is down 12.49% from its previous close, now trading at $140.540.
-
3
Coinbase leads sell-off in crypto-related stocks after Binance's $6.3 billion hack, with Circle and Strategy shares plummeting.
-
4
An Analysis of Potential Issues in the Operation of China's Digital Yuan
-
5
NVIDIA is down 5.17% from its previous close, now trading at $202.620.
-
6
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
7
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
8
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
9
SuperVerse (SUPER) Issuance and Circulation: Total Supply, Unlocking, and Deflationary Mechanisms Explained
-
10
What is ELTCOIN? Project Positioning and Market Status
Markets Today
Recommended Reading




