Binance CEO Changpeng Zhao (CZ) said we should not rely on banking collapses for Bitcoin’s success.
“From a crypto community perspective, we should not rely our success on the failure of others.”
During a Twitter AMA, a question on banking failures benefiting Bitcoin cropped up. In response, CZ said he believes banking and crypto can coexist, and it isn’t a zero-sum game.
Furthermore, CZ dismissed the notion that banking success or failure has any meaningful impact on Bitcoin – clarifying that crypto is just one of many places to park money outside banks, such as real estate, stocks, or gold.
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