Binance CEO Changpeng Zhao: Bitcoin Still 70 Percent After Still Good

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Changpeng Zhao (CZ), the founder of the world's largest cryptographic exchange, Binance, said Bitcoin is still in good position, even after 70% of the decline since 2018, given the strong upturn in 2017.
Crypto Market Better
From All Between January to December 2017, the price of Bitcoin rose from $ 890 to $ 20,000 and rose more than 2150%. When we compare with the mid-2017, the volume of bitcoin has increased fivefold and has begun to receive a lot of demand from investors in the market.
CZ, who interviewed Bianca Chen, a crypto-money researcher and reporter in Zug, Switzerland, said that the cryptographic monetary sector is better in every respect than it was a year ago. From every point of view, it is the subdivision inside, the price, the volume and the general interest.

"I checked it now, the BTC price was 2,500 a year ago, now it is 6,800 dollars. BTC's trade volume was 780 million a year ago and now 3.4 billion. "
By the middle of 2017, the cryptographic money sector did not have a proper infrastructure for both individual and institutional investors. As of June, the crypto market Coinbase Custody has named a corporate platfoum.

Large corporations such as JPMorgan, Goldman Sachs and Morgan Stanley stated that they had received too many cryptographic requests from their clients, and they shared with them the plans of crypto money trade books and cryptographic exchange exchanges to respond. The biggest expectation of such large firms is that the ambiguity in regulation within the United States is about to be resolved quickly.
More recently, at the Economic Club of New York conference in which Goldman Sachs CEO Lloyd Blankfein attended, he said that consensus currencies could emerge as a dominant means of exchange if government-runnance money dominated the financial system.

In addition, Blankfein said it was arrogant to think that the crypto currencies would not work because they were based solely on new principles and philosophies.
Where will the Bitcoin go after that?
Similar to the recovery in 2014, the decline in bitcoin in 2018 was also due to the individual investor bubble. As the crypto currencies begin to be used by banks, leading economies and governments such as the US, Japan and South Korea, the FOMO will gradually reveal the fear of losing, and big investors and institutions will begin to flock to Bitcoin.