A few days ago, Changpeng Zhao, CEO of Binance, took advantage of his stay in Madrid to give an interview to the newspaper El País, in which he revealed some of his thoughts on cryptocurrencies, NFTs, DeFi and the Metaverse. Despite being one of the richest people in the world, in the top 20 of the Forbes ranking at the height of figures like Meta’s Zuckerberg, CZ, as the community usually calls him, is a Canadian of Chinese origin who moves with discretion.
The important thing is to have a positive impact on society
“I think the difference between having 100 million and 1,000 million is almost nil. I also don’t know if there is a difference between having 74,000 or 96,000 million. I see more important what positive impact that can have on society”, stated CZ in the interview.
Surprisingly, despite his billionaire wealth, Changpeng Zhao comes across as humble with no grand ostentation he could afford. He lives comfortably moving between Dubai and Europe throughout the year but is not known for being a spendthrift. Although his income comes from crypto, not all of it is associated with the volatility of currencies since a considerable part of CZ’s fortune comes from cryptocurrencies. commissions for operations carried out on the Binance exchange.
A complete unknown to the great masses
Only users in the cryptocurrency community know who CZ is. He could walk the streets of any city hardly being recognized despite his great fortune. It is surprising the small niche that cryptocurrencies occupy in our society even today and on this aspect Changpeng Zhao declared the following:
“They haven’t replaced traditional money yet, but they make it much easier to raise funds from anywhere in the world, they allow you to sell art at much higher prices than traditional galleries through NFTs because you can reach a global network, also access loans with better interest rates, and facilitate cross-border transactions and micropayments. I believe that by the time today’s 15-year-old teenagers have turned 35, cryptocurrencies will be everywhere. People will use them to pay for coffee or in supermarkets. But that is something that will happen in the medium term”.
It is clear that the short life of Bitcoin has not yet revealed the full potential of this cryptoactive. In the same way, we are yet to see the growth that Ethereum and the rest of altcoins, such as Binance’s BNB coin, are going to have in the coming years.
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