(Eng)???? Binance says_The Cryptocurrency Market After COVID-19 / [2020 ALC /Asian Leader Conference

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Published May 9, 2021

#cryptocurrency #blockchain #binance

Can cryptocurrency that uses blockchain technology substitute for the traditional legal tender?

In 2017, the interest for the cryptocurrency waned, resulting in sharp reductions in the trade volume of cryptocurrency. This led to a crash of a lot of stock exchanges. However, in 2020, the stock market came to a halt and the traditional industries shrank, owing to the outbreak of Coronavirus. A substantial amount of money in the market started to make its way into the cryptocurrency market and, in turn, reinvigorated it. Consequently, a rapid increase in the number of people joining Binance and the trade volume were witnessed. Changpeng Zhao, the CEO of Binance, the most trusted exchange is at the center of the phenomenon. Changpeng Zhao is a person who claims that the traditional form of money will be replaced by cryptocurrency. It is known that Chanpeng Zhao is worth 26 billion dollars. 99.9% of his wealth is in cryptocurrency, and nobody in the world possesses more cryptocurreny than he does. As a person who used to work as a software developer and sold his home to invest all his property in bitcoin, Changpeng Zhao’s story of founding Binance and making his mark in the field as well as the future prospects of cryptocurrency is worth looking forward to.

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