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Changpeng Zhao will not allow Bitcoin collapse


The worst effects of the Coronavirus on the world economy have been seen since last week, with the collapse of most international financial markets. Arousing fear within the crypto community about the future of Bitcoin, to which the founder of Binance, Changpeng Zhao, responds in the Tweet of today.

Changpeng Zhao’s commitment to Bitcoin

These days, nothing can be taken for granted against the Coronavirus, not even the value reserve of value assets. Since, one of the first victims of the collapse of the markets was the price of Bitcoin and gold. With the cryptocurrency losing up to 49% of its value in less than 24 hours.

This has generated great fear within the crypto community. Which, faced with the prospect that the health crisis created by the Coronavirus will last for several more months, they fear that the value of Bitcoin is one of the great victims of the disease.

There are voices within the crypto world talking about a Bitcoin at 0 dollars in case the collapse continues.

Furthermore, the governments of the world have announced multimillion-dollar packages to avoid an absolute crisis in their economies. Putting millions of dollars at stake to protect their businesses, citizens, and currencies from falling markets.

Faced with this, Bitcoin also has its own advocates, especially in the figure of Changpeng Zhao, the founder and CEO of Binance. Who in a tweet has reaffirmed his total support for Bitcoin, further promising that he will not allow a fall of the cryptocurrency:

Are you still concerned that #BTC goes to 0? Do not do it! As long as I have a penny left, it won’t happen

In this way, Changpeng would be putting his own name and fortune as the first guarantee on the price of Bitcoin. Showing the commitment that it has with the cryptocurrency, and therefore, hoping to generate greater confidence in the market, to avoid a further drop in the price of BTC in the days to come.

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