One of the most influential people within the cryptocurrency community, Changpeng Zhao, recently spoke about the current and future state of blockchain and cryptocurrencies, in general. The founder and CEO of Binance shared his opinion on the market, the prices, and his belief that blockchain will have a more significant impact on the world than the internet.
Blockchain’s Impact On The World
In a recent interview, Changpeng Zhao, the CEO of the largest cryptocurrency exchange Binance, said that he doesn’t follow the day-to-day cryptocurrency price actions. According to him, short-term price predictions are hard to do because the market doesn’t handle news that well and it overreacts. However, he is a firm believer in blockchain and its potential global impact. In fact, he seems to believe that it would be bigger than the Internet itself.
“The market always overreacts. It’s very hard to predict price short-term, but if you look at 3, 5, 10, 100 years out, blockchain is going to have a bigger impact on our society than the internet. Right now, there’s probably around 0.1% of our population who has crypto, or probably less, so there’s got to be a thousand times more it can grow, potentially. We know that this technology is not going away; it’s going to disrupt the world; it’s going to disrupt our lives.
He also touched upon the fact that a lot of the cryptocurrencies have a limited supply. According to him, more people are going to get involved with the industry and as this happens, “the price will have no other direction but to go up.” Read More...