Binance Founder Changpeng Zhao (CZ) Speaks Live After Market Drop

Binance founder and former CEO Changpeng Zhao (CZ) made important assessments about the future of the cryptocurrency industry in the Threadguy podcast broadcast he attended today.

CZ said during a livestream, “The cryptocurrency industry won’t always be a smooth ride. Even strong founders, strong projects, and strong communities will face challenges from time to time. However, as long as the industry continues to do the right thing and build together, there are many different areas for deep development. This industry will continue to grow thanks to developers.”

Zhao also touched on the importance of blockchain technology, saying, “Blockchain is a new technology and it is much better than our current technologies.”

During one episode, CZ also commented on the recent surge in interest in Chinese-named memecoins. Zhao said, “I see Western users trying to figure this out, but it’s actually a complete coincidence. Everything I share on Twitter—an image, an icon, or a word—becomes a memecoin. That’s why I was very cautious about sharing for a while. It’s become a culture within the Binance community, and a significant portion of that community consists of Chinese-speaking users.”

*This is not investment advice.