Trying to understand the whole binance mess up #binance #crypto #bitcoin

Reply to this note

Please Login to reply.

Discussion

My 2 cents…

Binance shouldn’t exist.

The gap between CZ’s talk and CZ’s walk is far too great to trust him.

He could decentralize Binance today via his scam BSC chain if he wanted to, but can’t because it is not truly his.

Who handles FIAT at Binance? Who else does that person works for? Why is CZ so intent at pushing forward the fact the he grew up in Canada every time someone mention he is Chinese, while brushing aside that his first business venture was in fact in China.

That being said, the forces prosecuting him are also playing their own game.

The main point is this: this is the most important accumulation phase ever and BTC is right at the center of it even if nobody mentions the interest directly yet. When accumulating in the context of an unrestricted warfare every possible dirty trick will be use to snatch the main asset off your hands.

So, short term bearish, long term extremely bullish.