On April 20th, Binance CEO Changpeng “CZ” Zhao shared his thoughts about the upcoming Bitcoin halving event and its potential effects on the price of Bitcoin. Despite ChatGPT’s prediction that the fourth halving event in 2024 could result in a Bitcoin price surge beyond $100,000, CZ Zhao claims that such estimations can be misleading. Rather than depending on historical data to accurately predict the figures of the Bitcoin price, CZ seeks to remind us that historical data can only serve as a reference point.
Binance is a cryptocurrency exchange that was established in 2017 by CZ Zhao. It is one of the biggest and most popular exchanges globally, with a trading volume of over $2 billion in the last 24 hours. By providing a secure, intuitive and easy-to-use platform, Binance has managed to become one of the most important players in the cryptocurrency space, offering services ranging from spot trades to margin trading, token and leveraged products.
As for the CEO behind Binance, Changpeng Zhao, often referred to as CZ, is a Chinese-Canadian business executive best known for founding the cryptocurrency exchange company Binance. Having a deep understanding of the blockchain technology, CZ has worked in several roles in the cryptocurrency world, including as a blockchain developer, cryptocurrency investor, and entrepreneur. His objective is to make the cryptocurrency space accessible and understandable to everyone, as well as rewarding them for their participation.
