Why Binance is Investing in Twitter
LISBONNE BINANCE The largest cryptocurrency scholarship in the world announced last week an investment of $ 500 million in Twitter, as part of the consortium it co -invest with Elon Musk. But what is crypto and social networks have in common? More than you think, says Changpeng Zhao, the controversial founder of Binance.
“One of our missions is to promote freedom of capital. Before freedom of capital, we need freedom of expression,” Czechoslovakia told the opening of the Summit web in Lisbon. “Twitter is where the crypto community is, where politicians are.”
CZ said he considered Twitter as a platform for communities where everyone can have a voice. “I am a big user. I spend more time on Twitter than on the Binance application.” According to him, the investment in Twitter is part of the long term – the horizon of 10 or 20 years.
“We do not worry about short -term results, but long -term potential for Twitter, and with Musk, the potential is enormous. In 10 years, we think that the platform will be much greater than it is not today.” Binance has already indicated that he also intended to study the means to use the blockchain to create solutions that can be used on Twitter, for example to solve the problem of bots – false profiles.
At the web summit, CZ also talked about the regulation of cryptocurrencies, claiming that its point of view on the issue is not “black and white”. “Good regulation is good. Bad regulations are bad. The difficulty is to create a regulation that protects consumers while maintaining innovation. “” You need a balance, because if you are only doing one thing, you harm the other. “
For him, Dubai, France, Abu Dhabi and Spain have balanced regulations in this area, while China is one of the worst countries. But Hong Kong showed positive signs. The journalist moved to the invitation of Brivia, a communication group specializing in the digital transformation of major brands.