Changpeng Zhao Calls Binance’s $500,000,000 Twitter Investment Priceless, Says Platform Has Immense Value

Changpeng Zhao Calls Binance’s 0,000,000 Twitter Investment Priceless, Says Platform Has Immense Value

The world’s largest cryptocurrency exchange by transaction volume CEO has no regrets about investing in Twitter. Short-term time horizons. “For us, we are long-term investors. We believe in solid entrepreneurs. We believe in reliable platforms.

We believe in freedom of expression. And that is priceless. So, the market goes up and down…now it’s a little bit lower, a little bit higher, we don’t care. We see this at 10, 20, 50 and 100 per year. Therefore, a slight monthly price fluctuation does not affect us at all.

“For us, we are long-term investors. We believe in solid entrepreneurs. We believe in reliable platforms. We believe in freedom of speech. And that’s priceless.

And then the market goes up and down… now it’s a little lower, higher, we don’t care. We see this on a 10, 20, 50 and 100-year basis. So a tiny price fluctuation every month does not affect us at all. We support strong entrepreneurs. Zhao says that Elon Musk is one of the main reasons for his investment but also notes that the Twitter platform is “powerful.”

“I don’t think Twitter has been monetized well. It didn’t grow well. There are many tactical issues like bots, spam. There are spammer accounts there. It has great value in itself; I see that myself.

And especially now that Elon is at the helm, we’re very confident. Last week, billionaire Tesla CEO Elon Musk took over Twitter in a blockbuster deal worth $44 billion that was in the works for much of 2022.

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