As the second and last day of the Binance Blockchain Week Istanbul event continued, Binance CEO CZ participated via video conference.
Apologizing for not being there physically, CZ said that Turkey has always been a very active and large market for the crypto industry.
Stating that he spends most of his time on regulatory compliance issues, CZ stated that he will devote more time to DeFi Wallet.
Stating that the Binance Web3 Wallet is only a small step at this point, CZ stated that more work will be done in the future.
“ I must admit that I am not very interested in Binance's new Web3 wallet.
However, I think that the most limiting factor for the adoption of crypto money is the wallet, and at this point it is very important to have a safe and easy-to-use wallet.
In this regard, the Binance Web3 Wallet is only a small step forward and more work will be done in the future.”
According to CZ, the past year and a half has been very difficult, with people getting hurt, losing money, the industry's reputation taking a hit, and increased scrutiny.
At this point, CZ sees 2023 as a recovery year where Binance is working hard to build trust and compliance.
Also touching on Spot Bitcoin ETFs, CZ said he was excited about the possibility of the ETFs being approved.
CZ believes that a lot will happen in the year after the Bitcoin halving, advising investors not to get too hung up on prices and cycles.
CZ stated that he thinks the BTC halving in 2024 is important and effective for the price and said, “I have experienced three halvings before and the BTC price did not increase suddenly. So do not expect the Bitcoin price to double overnight.”
Binance CEO finally reminded investors to ignore FUD.
Guess who's here to join us virtually 👀
No better way to close out #BinanceBlockchainWeek than with a final keynote from @cz_binance! pic.twitter.com/wxLJuVnNaS
— Binance (@binance) November 9, 2023
*This is not investment advice.
