Why Is Ethereum The Recent Choice? Binance Manager Share Your View! - Kakiforex.com - Financial Market Media No. 1 in the World Why Is Ethereum The Recent Choice? Binance Manager Share Your View! Why Is Ethereum The Recent Choice? Binance Manager Share Your View!
InstaForex

May 4, 2021

Why Is Ethereum The Recent Choice? Binance Manager Share Your View!

 Binance Manager, Changpeng Zhao, recently came forward to share his views on the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).


In the interview he argued that people need payment alternatives that use other than cash and digital cash. This has pushed up the price of Ether. CZ also expects that the central bank’s crypto assets will be different from other cryptocurrencies.


Bloomberg interviewed Binance CEO Changpeng Zhao, he thinks people are now interested in NFT and many prefer ether to buy NFT.



Changpeng Zhao, known as CZ, outlined some details in an interview that the top two cryptocurrencies - bitcoin and ether will co -exist "for a while." At the same time he commented that the bond between BTC and ETH in the long run may not happen as the two operate in different ways.


Prices for ETH continue to soar and have already surpassed previously recorded all -time highs.


China is one of the leading countries in the development of the CBDC. The latest Chinese country is planning to expand its e-yuan trial. Even considering using the central bank’s digital currency at the upcoming 2022 Winter Olympics in Beijing.