Binance CEO Changpeng Zhao Says Big Changes Are Coming in Bitcoin’s Next Decade

04 January 2020, Saturday, 12:10 - dailyhodl.com
Binance CEO Changpeng Zhao Says Big Changes Are Coming in Bitcoin’s Next Decade

Changpeng Zhao, CEO of leading cryptocurrency exchange Binance, says one of his biggest goals in 2020 is to give people around the world the ability to buy crypto using any and every fiat currency they have access to.

In a new letter on the year ahead, Zhao says the company also has a number of new acquisitions in the works.

“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies. We always have a number of strategic acquisition discussions in the works, a couple of them are major and will have a significant impact. We will announce it in due time.”

Zhao says last year was like building the “foundations of a house.”

In 2019, the digital asset exchange introduced several products including margin trading, staking, lending, and cryptocurrency futures contracts.

CZ says his team is also working to beef up security after last year’s large-scale security breach that led to losses of around $40 million in Bitcoin (BTC).

As for the future of Bitcoin and the decade ahead, Zhao says he’s as bullish as ever.

“This year also marks a new decade, which is meaningful when you look at things on a longer time horizon. As Bill Gates said, most people overestimate what they can do in one year, and underestimate what they can do in 10 years.

By 2030, not only will blockchain and crypto still be around, they will be everywhere. Crypto will be used to pay for self-driving versions of Uber. Crypto will be used to buy things from half a world away and have them delivered to you via drones. Crypto will be used to fund biotech research. Crypto will be used to fund ambitious projects like going to Jupiter. (Okay, maybe not 2030, but who knows…)

I wouldn’t even dare to make any price predictions on this time scale, but neither is the prediction important. What’s important is blockchain (and crypto) will be used everywhere, and we won’t even think about it, much like databases are used in almost all applications today and we don’t think about it.”

You can check out the full letter here.



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