CZ: Crypto Industry Players Must Help Each Other During A Crisis

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“Any single project failure has spillover effects on multiple fronts: investors lose confidence, the mainstream media paints a negative picture and, most importantly, people do get hurt. Most industry players do want to help each other out — especially when there’s a crisis.”

This is the statement of Changpeng Zhao, aka CZ, founder and CEO at Binance, during his opening statement on the CoinMarketCap’s “The Capital: Time to Ship Conference,” a virtual event hosted in the metaverse by CoinMarketCap (CMC), last May 26th and 27th, 2022.

During his keynote address, CZ mentioned some of the recent issues in the blockchain, including the Ronin Hack, and how Binance helped Sky Mavis, the developer of blockchain game Axie Infinity, to recover through cash injection.

In addition, he stressed that he wants to help social media giant Twitter transition to Web3, and be a platform for free speech.

Meanwhile, the founder of the cryptocurrency exchange emphasized that the current bearish momentum that the market is experiencing is still part of the movement.

“There was an all-time high in 2013, an all-time high in 2017, and an all-time high in 2021, there would always be lows in between, as historical numbers don’t predict the future.”

Changpeng Zhao, CEO OF BINANCE

He also highlighted that during the bear market, where the value of crypto is crashing down, “trying to sell before a loss is a trader mentality.”

CZ was the very first keynote speaker during the conference, with a topic of “The State of Crypto.”

Earlier this month, the CEO gave a hint about his excitement to be a speaker at the said conference.

“The theme of The Capital is Time to Ship — one of the main reasons that I’m excited to speak at CoinMarketCap’s first ever online conference. This unique metaverse-based event will focus on crypto products that are delivering real solutions right now, not at some nebulous time in the future, which is incredibly important to highlight in our support of the cryptocurrency revolution.”

CHANGPENG ZHAO, CEO OF BINANCE

Alongside CZ as speaker were Michael Saylor of MicroStrategy, Samson Mow of JAN3, Jaynti Kanani of Polygon, Sebastien Borget of The Sandbox, and many more.

BitPinas is one of the official media partners of CoinMarketCap’s “The Capital: Time to Ship Conference.”

This article is published on BitPinas: CZ: Crypto Industry Players Must Help Each Other During A Crisis

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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