- According to Changpeng Zhao, only 7-10% of people own cryptocurrency, and most of them have less than 1% of their investment.
- Founder Binance warns that one should not judge the potential of cryptocurrencies by the scale of old financial markets.
Founder Binance Changpeng Zhao (CZ) live on Binance Square acted with a statement that contradicts the notion that retail investors have already missed their chance in the cryptocurrency space. His argument was simple: the industry is still in its infancy, and the arrival of institutional investors won’t change anything.
The industry is still in its infancy. Ten years ago, when I joined Bitcoin”It was a much more niche topic. Today, the industry has matured, but we’re still in the early stages,” CZ said.
According to him, approximately 7-10% of people worldwide are involved in the cryptocurrency market in one way or another. Of these, the vast majority hold less than 1% of their wealth in digital assets. Therefore, cryptocurrencies’ share of total global wealth remains extremely insignificant, meaning their potential for global finance remains virtually unexplored.
You shouldn’t judge the market potential of a new technology based on old markets, he said.
Right now, retail investors have an advantage that money can’t buy: the ability to learn early, plan long-term, and invest in industries that institutional investors haven’t yet explored.
Each country develops its own stablecoinAs cross-border transactions using artificial intelligence are carried out on the blockchain, entirely new categories of global financial activity are emerging that traditional systems are not designed for. Here are the possibilities, According to CZ, are waiting for us in the future. You don’t need to be a hedge fund to access them.
Ранее Happy Coin News Reported about Zhao’s confidence that NFT It is not worth writing off, as this type of asset has a promising future.
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