{"id":544725,"date":"2023-01-28T10:41:00","date_gmt":"2023-01-28T07:41:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cz-predicts-existential-implications-for-anti-crypto-traditional-finance\/"},"modified":"2023-01-28T10:41:00","modified_gmt":"2023-01-28T07:41:00","slug":"cz-predicts-existential-implications-for-anti-crypto-traditional-finance","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cz-predicts-existential-implications-for-anti-crypto-traditional-finance\/","title":{"rendered":"# CZ predicts \u2018existential implications\u2019 for anti-crypto traditional finance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a283f38b2cad\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a283f38b2cad\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cz-predicts-existential-implications-for-anti-crypto-traditional-finance\/#%E2%80%9D_CZ_predicts_%E2%80%98existential_implications_for_anti-crypto_traditional_finance_%E2%80%9C\" >&#8221; CZ predicts \u2018existential implications\u2019 for anti-crypto traditional finance &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CZ_predicts_%E2%80%98existential_implications_for_anti-crypto_traditional_finance_%E2%80%9C\"><\/span>&#8221; CZ predicts \u2018existential implications\u2019 for anti-crypto traditional finance &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvOTc4OTc2ZjMtMDUxNy00Y2UwLWFlZTQtYjBjMTAxYmMxYzljLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng \u201cCZ\u201d Zhao believes this move could potentially have a negative impact on such traditional financial players.<\/p>\n<p>The collapse of major crypto companies, such as FTX and Terraform Labs, reduced trust among investors and forced the traditional market to reevaluate their strategies for stepping into the crypto ecosystem. While the reluctance of traditional players stands as a deterrent to crypto\u2019s adoption in the short term, CZ argues that the decision might backfire over the next two decades.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">as they really hampered traditional financial players to adopt the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, and will likely cause them to be further behind on the adoption curve, which may have existential implications for them in 10-20 years time. \u200d\u2642\ufe0f<\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1619027951902924803?ref_src=twsrc%5Etfw\">January 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to CZ, over the next 10-20 years, traditional financial players that choose to slow down on crypto adoption will be placed way behind the adoption curve, stating that:<\/p>\n<blockquote><p>\u201c[The lack of crypto adoption] may have existential implications for [traditional financial players] in 10-20 years\u2019 time.\u201d<\/p><\/blockquote>\n<p>CZ, along with other crypto entrepreneurs, believe that the actions of actors like Sam Bankman-Fried set the industry back by a few years as he said, \u201cRegulators rightfully will scrutinize this industry much, much harder, which is probably a good thing, to be honest.\u201d<\/p>\n<p>CZ\u2019s long-term bet on the fate of crypto naysayers was supported by investors that have slowly started recovering from the traumas of 2022. The overall positive sentiment is supported by a slow but consistent bull run, which has brought back Bitcoin (BTC) prices from the $15,000 range to well above $23,000 at the time of writing.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance Charity to provide over 30K Web3 scholarships in 2023<\/em><\/strong><\/p>\n<p>Amid growing accusations of insider trading, Binance informed Cointelegraph about a zero-tolerance policy. According to the spokesperson:<\/p>\n<p>\u201cEvery employee is subject to a 90-day hold on any investments they make, and Binance\u2019s leaders are mandated to report any trading activity on a quarterly basis.\u201d<\/p>\n<p>In 2018, Binance\u2019s insider trading prevention policy included a 30-day period, which has now been extended to 90 days.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cz-predicts-existential-implications-for-anti-crypto-traditional-finance\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CZ predicts \u2018existential implications\u2019 for anti-crypto traditional finance &#8220; As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng \u201cCZ\u201d Zhao believes this move could potentially have a negative impact on such traditional financial players. The collapse of major crypto companies, such as FTX and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":544726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/978976f3-0517-4ce0-aee4-b0c101bc1c9c.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,77672,74355,117,70610],"class_list":["post-544725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-changpeng-zhao","tag-adoption","tag-business","tag-finance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=544725"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/544726"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=544725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=544725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=544725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}