CZ said his long-term view is that the crypto industry will continue to grow, although this is not a completely disinterested assessment. He said most of his net worth is wrapped up in the BNB token, meaning he has a significant stake in the health of the crypto market and the exchanges he founded, Binance and Binance.US. But CZ’s assessment comes as someone who has been part of the crypto industry – and a key player in its growth – for over a decade.
Read more: Binance founder CZ wants to clear up ‘misunderstandings’ about who he is
“In the long term, the industry will grow,” he said. “There’s going to be more and more demand for fintech because there’s going to be more and more transactions, so the industry is going to grow. So I’m not worried about the industry or short-term price fluctuations.”
The fact that “new industries like AI” are absorbing “hot money” from the crypto industry will be a positive development in the long term, he said.
Similarly, CZ said the rapid growth of forecast markets as a tool to determine prices and liquidity would be “good for the people.”
“We can assess things much more accurately and predict things more accurately,” he said.
