Binance CEO: Bitcoin market capitalization of $ 2 trillion possible
Bitcoin currently has a market cap of $ 157,930 million. According to Binance CEO Changpeng Zhao, BTC could have a gigantic market capitalization of $ 2 trillion in the future. On March 25, Zhao said on Twitter: “If we get used to the thousands of billions of dollars, a modest market capitalization of $ 2,000 billion for #bitcoin will put 1 BTC at $ 100,000. Not a difficult figure to “Imagine, right? Since most BTCs are not for sale (HODLers), we only have to buy a small part of those 2 tonnes to get there.”
As we get used to talking about Trillions, a modest market capitalization of #bitcoin will put 1 BTC at $ 100,000. Not so difficult to imagine a number now, right?
Since most BTCs are not for sale (HODLers), we only need a small portion of these 2t to buy.
– CZ Binance 🔶🔶🔶 (@cz_binance) March 25, 2020
Central banks around the world are spending more and more fiduciary money to maintain cash flow during the Corona crisis. In this regard, Changpeng Zhao tweeted that Bitcoin is not faced with inflation.
In addition, the Binance cryptocurrency exchange is not inactive during a corona crisis. The company called for a large-scale fundraising campaign: “Each retweet of this message with #CryptoAgainstCOVID = $ 1 donation. #Binance Charity donates up to $ 1,000,000! If we reach 1 million retweets in 7 days, @ BinanceBCF donates an additional $ 1,000,000 USD! Let’s start! ”
If we reach 1 million retweets in 7 days, @BinanceBCF will donate an additional $ 1,000,000 USD!
– Binance (@binance) March 25, 2020
So far, 17 donations with a total volume of 151.57 bitcoins have been received since the campaign started two days ago. On the other hand, a very similar fundraising campaign has been successful for those affected in Wuhan. On the Website Binance said: “As of March 20, 2020, Binance Charity had delivered 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant (approximately 5 tonnes), 5,280 bottles of hand sanitizer, 20,000 kits of test, 7,850 protective suits and 20,000 pairs of protective glasses., 388 oxygen concentrators and 1,000 germicidal lamps in more than 300 hospitals and medical teams in several provinces / cities, including Hubei, Sichuan, Guangxi and Shanghai. The Binance Charity Foundation is leading this mission, seeking qualified medical supplies from around the world and delivering them directly to as many hospitals as possible in the infected areas. ”
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