Binance CEO Changpeng Zhao warns that the next few months will be a bumpy road for crypto.
Confidence undermined
As well as suffering a year-long bear market in which several platforms have collapsed, crypto has come under the most brutal hammer as regards impending regulation and FUD is washing back and forth through the sector, undermining confidence as it does so.
This must be manna from heaven for governments and banks as they seek to take crypto out of the hands of retail investors and build a regulatory wall that keeps them out and ensures that the sector is squashed flat until they can roll out their central bank digital currencies (CBDCs).
FUD continues
Currently, Binance is bearing the brunt of all the FUD that has been propagated. Over recent days a total of more than $3 billion has been drawn off of the exchange. Binance appears to be solvent but who knows what could happen if the FUD were to continue?
It should be hoped that most retail investors would be aware by now that
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