8 months ago
Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto.
Binance CEO Changpeng "CZ" Zhao is of the opinion that an active reduction in exposure to cryptocurrencies by traditional institutions as a reaction to the collapse of the ecosystem in 2022 could potentially have a negative impact on traditional financial players. This is because “CZ” Zhao believes that the ecosystem will collapse in 2022. the idea stems from Zhao's conviction that such a reduction could have a detrimental effect on traditional participants in the financial sector.