Cryptocurrency

Changpeng Zhao will not allow collapse of Bitcoin

Since last week we have seen the worst effects of the Coronavirus in the global economy, with the collapse of most of the international financial markets. Awakening the fear within the crypto community about the future of Bitcoin, to which responds the founder of Binance, Changpeng Zhao, in the Tweet of the day today.

The commitment of Changpeng Zhao with Bitcoin

In these days nothing can be sitting in front of the Coronavirus, or even the price of the asset book value. Given that, one of the first victims of the collapse of the markets were the price of Bitcoin and gold. With the criptomoneda getting to lose up to 49% of its value in less than 24 hours. This has generated great fears within the crypto community. Which, by the prospect of the health crisis created by the Coronavirus to stretch out for several more months, they fear that the value of the Bitcoin is one of the great victims of the disease. There are voices within the crypto world talking of a Bitcoin to $ 0 in the event of the collapse to continue. In addition, the governments of the world have announced packages billionaires to avoid a total crisis in their economies. Putting millions of dollars at stake to protect their businesses, citizens and coins in front of the falling markets. In response to 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 its total support to Bitcoin, promising also that he will not allow a drop of the criptomoneda:

“Are you still worried about the #BTC go to 0? Don’t do it! While I left a penny, not going to happen“.

In this way, Changpeng would be putting its own name and fortune as a first guarantee on the price of Bitcoin. Showing the commitment that you have with the criptomoneda, and therefore, hoping to generate greater confidence in the market, to avoid a new fall in the price of BTC in the coming days.

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