Changpeng Zhao: If you don’t want to be left out in the future, you will have to embrace it

Changpeng Zhao, the head of one of the largest cryptocurrency exchanges BINANCE, expressed the opinion that cryptocurrencies will become a shared future and urged everyone to accept digital assets.

 "If you don't want to be left out in the future, you will have to embrace it," Zhao said at the 10th Asian Leadership Conference 2019 in South Korea.

The head of Binance stressed that Bitcoin "can no longer be ignored," and those who try to do this will be "poorer" in the future. In his opinion, cryptocurrencies and Bitcoin are not suitable for the definition of traditional assets. These are not securities and not metals, not any goods. Changpeng noted that it is difficult to call them even currencies - this is something new and unique.

In addition, Changpeng Zhao said that those who want to ban the use of Bitcoin simply do not understand this asset.

"If you want to ban Bitcoin, which many people have tried, then all you're doing is just excluding yourself from the future of finance," 

said the head of Binance.

Recall that at the beginning of the month the Binance Exchange was hacked and the attackers managed to steal 7,000 BTC from the hot wallet of the site.