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CZ Believes 8 Billion People Will Use Crypto in a Few Years

The CEO of Binance believes that over 8 billion people will be using crypto in a few years.A majority of users believe it would not be possible, owing to the Terra Luna and FTX...
CZ Believes 8 Billion People Will Use Crypto in a Few Years CZ Believes 8 Billion People Will Use Crypto in a Few Years
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  • The CEO of Binance believes that over 8 billion people will be using crypto in a few years.
  • A majority of users believe it would not be possible, owing to the Terra Luna and FTX crash.
  • Reports suggest that crypto ownership is estimated at 4.2%, with over 320M users worldwide.

While the world population reached the benchmark of eight billion, Changpeng Zhao, the CEO of Binance, believes that in a few years over eight billion people will be using crypto. Zhao shared this in a recent post on Twitter.

The crypto community, just in minutes, exploded to give their two cents on Zhao’s opinion. Some users were in agreement with Zhao, stating that it could be achieved citing the growing adoption of crypto. A Twitter user under the name Rawoof_LJ stated: “I’m paying attention to this man @cz_binance! What we struggle with today is going to be an amazing achievement in the near future.”

Another user, who goes by the name Dabarky noted “While it sounds a bit optimistic I do believe crypto has a lot to offer humanity. I support your efforts to assist the unbanked and under-represented.”

On the contrary, a majority of users believe that it would not be possible, owing to the Terra Luna and FTX crash. Several people who once believed in crypto are now shying away from it. Some users did not hesitate from saying that achieving this milestone is impossible. While one Twitter user quoted “In your dreams,” another account said:

The gullible will give themselves false hope with a statement like this too bad!

8 billion people won’t use crypto, blockchain will remain useful going forward, crypto will be re-ordered but not this your worthless crypto that is sending young and old people to premature graves.

Subsequently, there is no consensus regarding how much of the world’s population holds cryptocurrency, with estimates varying. Research by the blockchain firm TripleA states that crypto ownership is estimated at around 4.2% by 2022, with over 320 million users worldwide.

The post CZ Believes 8 Billion People Will Use Crypto in a Few Years appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

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GBP/USD

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USD/JPY

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AUD/USD

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EUR/JPY

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Adidas AG

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Deutsche Lufthansa AG

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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