Svmuu News CZ posted on platform X stating that, as a shareholder, he hopes for Binance's valuation to increase, but the reality is that when cryptocurrency prices fall, Binance's valuation cannot increase. Binance is the largest cryptocurrency exchange, and its growth and contraction are synchronized with the industry. A crypto winter means reduced trading volume, and low coin prices mean reduced transaction fees. Therefore, he or Binance always hopes for industry growth, or more explicitly, for the prices of all mainstream cryptocurrencies to rise. He or Binance never shorts or attempts to "suppress prices."
CZ stated that although he appreciates Forbes' high praise for Binance, Forbes' estimation of his net worth growth based on Binance's recent valuation increase is, at least in his view, illogical.
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CZ: Forbes' estimation of my net worth growth based on Binance's recent valuation increase is illogical
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