Δημοσίευση
Elon Jamess
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Bitcoin vs Gold? Binance CEO Changpeng Zhao (CZ) Shares His Take
Changpeng Zhao (CZ) shared significant insights about Bitcoin future prospects and addressed the recent FUD (fear, uncertainty, and doubt) spreading in the market during a Q&A session.
CZ stated that although he sees Bitcoin as a much better asset than gold, it is still in its early phase, and widespread global adoption will take time.
I think Bitcoin is far superior to gold but it is still fairly new and not widely adopted CZ said pointing out that gold market value is roughly ten times higher than Bitcoin which also reflects that far more people are aware of and own gold.
CZ explained that gold widespread acceptance today is driven more by habit and familiarity than by any technological advantage. He added that Bitcoin will gradually achieve the same level of recognition but this will take time as people naturally adapt to it.
At this point CZ used artificial intelligence as an example saying We might think AI is an amazing technology that could eventually handle many tasks, but that doesn’t mean it can do everything immediately. Time is always a factor.
#Binance #squarecreator
Changpeng Zhao (CZ) shared significant insights about Bitcoin future prospects and addressed the recent FUD (fear, uncertainty, and doubt) spreading in the market during a Q&A session.
CZ stated that although he sees Bitcoin as a much better asset than gold, it is still in its early phase, and widespread global adoption will take time.
I think Bitcoin is far superior to gold but it is still fairly new and not widely adopted CZ said pointing out that gold market value is roughly ten times higher than Bitcoin which also reflects that far more people are aware of and own gold.
CZ explained that gold widespread acceptance today is driven more by habit and familiarity than by any technological advantage. He added that Bitcoin will gradually achieve the same level of recognition but this will take time as people naturally adapt to it.
At this point CZ used artificial intelligence as an example saying We might think AI is an amazing technology that could eventually handle many tasks, but that doesn’t mean it can do everything immediately. Time is always a factor.
#Binance #squarecreator
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