Binance CEO acknowledges PR for both Binance Coin and Bitcoin


The CEO of the famous exchange Binance, Changpeng Zhao, admitted that he personally did not only PR (shilling) for his exchange utility coin, Binance Coin, but also for Bitcoin.

 

Zhao asserts that what's good for Bitcoin is good for BNB, and that is his concern as well as that of the crypto community as a whole, since both work well.

Not only that, the CEO of the exchange also hinted that he was expecting BNB to outperform Bitcoin this year - when BNB had just beat the performance of the leading cryptocurrency last year. He stated that, without guarantee, but the Binance Coin ecosystem will build faster than Bitcoin (again).

What is good for one "person" is good for another "person"
Zhao responded to a tweet about altcoins and BTC volatility by explaining that, as Bitcoin was pumping, demand and BNB demand increased as the token was often used to pay fees on his platform. . He also added that as Bitcoin recovers, other coins follow in the footsteps as altcoin buyers go in a positive market direction.

“What happens when BTC rises? More trading volume.
What happens when there are more transactions? Many people use BNB to pay Therefore, Zhao is very interested in PR Bitcoin and helps the most important cryptocurrency have a good year. As Binance continues to expand its cryptocurrency empire - now with altcoins, leverage and derivative trading - in the hope of attracting more users to its platforms where BNB is used. .

Bitcoin vs. Binance Coin
Binance Coin has had an interesting year regarding its market performance. BNB launches in 2019, with prices starting at $ 6. It rose to a high of $ 38 in less than a month before Bitcoin hit a year high. Nonetheless, BNB has dropped back by the end of 2019 at $ 14. Meanwhile, Bitcoin has risen from $ 3,700 to $ 7,300 in 12 months, with a nearly 100 percent increase.

2020 could certainly be a big year for Binance Coin as the cryptocurrency market continues to grow and find more use cases and niche markets to fill. Bitcoin has been volatile in stability and could have a solid year of growth, - but could a utility token like BNB find more demand when use cases and scalability?

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Charlie Vanauken
Charlie Vanauken

I'm a reader and an analyst, I love cryptocurrencies, I will try to help people understand more about cryptocurrencies.


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