Changpeng Zhao is optimistic about the future of сryptocurrencies. He doesn’t share Vitalik Buterin's point of view that the thousand-fold growth of the digital assets industry is almost exhausted.
Recall that earlier Vitalik Buterin, the founder of Ethereum, publicly expressed that the virtual assets and blockchain no longer wait for a thousand-fold growth. The crypto community did not agree with such a forecast.
Many experts and market participants expressed the opposite point of view. Among them was the CEO of Binance, Changpeng Zhao. "I say crypto will absolutely grow 1000x and more." he wrote in his Twitter account.
I still disagree with this. I will say "crypto will absolutely grow 1000x and more!" Just reaching USD market cap will give it close to 1000x, (that's just one currency with severely restricted use case), and the derivatives market is so much bigger. https://t.co/bvSttEeCmc— CZ Binance (@cz_binance) September 12, 2018
It is worth noting that Zhao is generally optimistic about the market of cryptocurrencies. "Just watch price catch up to reality inevitably. It's the most beautiful thing to watch happening to you when you know it ahead of time (and acted upon it accordingly)." he wrote earlier.
WHY IS IT IMPORTANT?
- Zhao is far from the only one who did not agree with the position of Vitalik Buterin. He was objected to by one of the co-founders of Ethereum Joseph Lubin and founder of the TRON Foundation Justin Sun, who is a longtime opponent of the founder of Ethereum.
- By the way, Buterin himself after the controversial interview decided to clarify his words, noting that the potential for market growth is still there. "To be clear, I never said that there is no room for growth" in the crypto ecosystem. I said there is room for * 1000x price increases *."-wrote Buterin.