CZ said his long-term view is that the crypto industry will continue to grow, though that’s not a totally selfless assessment. He said most of his net worth is wrapped up in the BNB token, meaning he does have a substantial stake in the health of the crypto market and the exchanges he founded, Binance and Binance.US. But CZ’s assessment comes as someone who’s been part of the crypto industry — and a key player in growing it — for more than a decade.
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“Over the long run, the industry will develop,” he said. “There’s going to be more and more demand for financial technologies, because there will be more and more transactions, so the industry will grow. So, I’m not worried about the industry or the short-term price fluctuations.”
That “new industries like AI” were taking in the “hot money” from the crypto industry will be a positive fact in the long term, he said.
Similarly, CZ said the rapid growth of prediction markets as a tool that could provide price discovery and liquidity would be “good for the population.”
“We can price things much more accurately and we can predict things more accurately,” he said.
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