Binance CEO Denies his Recent Upcoming “Bull Market” Comment

By Tabassum
Published November 13, 2018 Updated November 13, 2018
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Binance CEO Denies his Recent Upcoming “Bull Market” Comment

By Tabassum
Published November 13, 2018 Updated November 13, 2018

In a recent tweet, Binance CEO cleared the misconception of the media wherein it claimed that he predicts bitcoin and crypto bull run. However, his latest comment on Media sarcastically responds that he wasn’t meant that. rather the tweet follows as;

It’s no more than a week when CNBC released a video, discussing with Binance CEO where he talked about the fluctuating nature of market and it is obvious to have bear and bull conditions. But most of the media assumed that he is predicting the bull run which is otherwise not the case while looking at his latest tweet.

However, CZ said that;

“Compared to January [of 2018], we are probably down 90 percent. So we only have one-tenth of the trading volume compared to what we had in January. But, compared to like a year or two years ago, we’re still trading at huge volumes. Business is still okay, we are still profitable, and we are still a very healthy business,”

During the discussion, he appreciates the value system his company follows and said that there is no secret recipe for Binance success, rather the firm thinks about the more secured way to protect user’s funds.

He, however, agreed that’

“Binance is lucky – We got lucky in early days”

Furthermore, his latest comment looks more like “promoting BNB”, which conversely says Bull and Bear.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Tabassum
562 Articles
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com