Striking Bitcoin Statement by Binance CEO!

Binance CEO made statements regarding the growth potential of popular cryptocurrency Bitcoin.

A striking Bitcoin statement was made by Binance CEO. Changpeng Zhao, CEO of Binance, who has accelerated its activities in India similar to organizations like Wazir X, made important statements to a local media organization after the ban allegations in the country. Stating that cryptocurrencies can be used as a clearing tool as long as the parties have permission, Zhao stated that it is very difficult to ban this.   "I wouldn't be surprised if it was $ 10 million" Changpeng Zhao stated that it would not surprise him that Bitcoin, which is the cryptocurrency with the highest market value, goes up to $ 10 million, and underlined that this is not a price prediction. Zhao said the following on the matter: “Numbers like one hundred thousand dollars, two hundred thousand dollars, 1 million dollars will not surprise me. I wouldn't be surprised even for 10 million dollars. But I'm not sure if these levels can be reached or not. Nobody can predict this. " According to the news in Business Today, Zhao said he believes Bitcoin is being adopted by 1 percent of the world's population in its current form. Pointing out that Bitcoin has the potential to spread to a much wider audience, Zhao thinks the price could rise as a result.   "Bitcoin Can Be Used As A Payment Tool" Saying that the popular cryptocurrency Bitcoin can be used as a payment instrument, Zhao evaluated BTC as a better currency than the US dollar. Speaking about illegal payment transactions with cryptocurrency, Zhao said, "People are also committing crimes with US dollars, but it doesn't make the US dollar illegal." Some government officials in countries such as India want to restrict the use of BTC by referring to these illegal transactions and suggesting that Bitcoin can rival fiat currencies. Zhao said the following about the authorities' attitude: “It's like banning cars so that nothing happens to your carriage. (Rather than banning cars) you need to speed up, improve and make your own carriage cheap. If you cannot do these, you have to let your citizens use a better vehicle. … If a country wants to reduce the risk of cryptocurrencies, it should enable the traditional financial sector and banks to provide better services at cheaper prices. "