Binance chief predicted increased demand for cryptocurrencies among companies

According to Changpeng Zhao, large organizations will show increasing interest in cryptocurrencies because of the geopolitical risks

26.04.2022 - 09:45

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What’s new? The head of the Binance cryptocurrency exchange, Changpeng Zhao, believes that companies will increasingly turn to digital assets as neutral financial instruments amid geopolitical risks. He reported this in an interview with Jeremy Allaire as part of The Money Movement podcast on Youtube.

The full version of the release

What other statements have been made? Changpeng Zhao stressed that the dollar is one of the strongest tools of the US government’s influence on geopolitics. Account freezes and sanctions will result in companies and entire countries will turn to cryptocurrencies to circumvent restrictions. In this, bitcoin will become the main tool because of its neutrality and deflationary model, as it is not owned by any country and no one will be able to issue additional coins.

What had happened before? On April 22, Changpeng Zhao called the EU’s new restrictions against Russians “a historic aggressive action.” He believes that crypto exchanges should not have the right to unilaterally freeze the accounts of users of an entire country and must comply with all sanctions.

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