CZ stated that as of today, cryptocurrency is still in its early stages.
During a Q&A session at the fifth anniversary of BNB Chain, Binance founder Zhao Changpeng (CZ) mentioned that both liquidity and user growth require time to accumulate. In the early days, when Bitcoin was below $100, liquidity was extremely poor, with daily fluctuations reaching up to 60%. Even though cryptocurrencies frequently make headlines today, they still remain niche assets. If you randomly select 100 people on the street, perhaps seven or eight would hold cryptocurrencies, but their asset allocation generally accounts for less than 1%. CZ concluded that the industry needs to build liquidity and a user base gradually, with the right investments at the right time.
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