Changpeng Zhao (CEO binance) about the protracted fall of Bitcoin and other cryptocurrencies
Zhao attributed the fall to several reasons: excessive expectations from many ICOs, exchange hacks, regulatory uncertainty, and rival camps that led to “stupid forks.”
“I don’t have a crystal ball, but looking to the future, I know for sure that blockchain is not going anywhere, cryptocurrencies are not going anywhere, and Binance is not going anywhere. And our industry will become even stronger,” said Binance CEO Changpeng Zhao, speaking about the future of the crypto market.