Changpeng Zhao, Binance chief executive officer, discussed regulations and crypto ETF in a recent interview with Bloomberg. According to him,
“Most institutions or organizations should be looking at crypto at this stage.”
Let’s recall that just last month, Jamie Dimon, JP Morgan Chase chairman, and CEO, had called Bitcoin “worthless”. But, inflows in crypto assets this year are breaking all records. According to the CoinShares report dated 8 November 2021, YTD inflows stand at record levels of $8.9 billion.
Apart from that, CZ also stated,
“Crypto is going to be the future of the FinTech industry. And to be honest, it’s going to be the future of money.”
While there are industry skeptics that believe the crypto bubble will likely burst,
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