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Why Binance CEO Zhao Says It’s a Good Time to Invest in Crypto

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Why Binance CEO Zhao Says It’s a Good Time to Invest in Crypto

In a recent interviewBinance CEO Changpeng Zhao said the current cryptocurrency market is volatile, but now is the best time to invest in the industry.

He said crypto bear markets are when investors can find opportunities at great prices.

“Now is the best time to invest in the industry. We did it four years ago during the bottom of the bear market, the last cycle. It worked extremely well. We invested a few hundred million dollars, and now our portfolio is worth $7 billion,” Zhao added.

To improve its product lineup and keep up with market developments, Binance recently announcement than its marketing director Yi therewill take the helm of Binance Labs.

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Regarding Binance’s growth plan, Yi said she would focus on supporting talented risk takers and improving the widespread adoption of Web 3.0 technology.

“Web3 will only become truly mainstream when its products integrate seamlessly into users’ lives. To accelerate widespread adoption, we need to focus our resources on supporting these projects,” she said.

Last month, Binance said $500 million would be invested in projects that can expand the use cases of cryptocurrencies aimed at adopting Web3 and blockchain technologies.

Zhao recommended for the crypto apex and said that no matter what a top investor does, Bitcoin BTC/USD continues to prove itself structurally and in terms of popularity among users.

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