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Crypto investors might be reeling from the most chaotic blowout in the industry’s history, with the market’s value down about two-thirds in just six months, and the price of Bitcoin, the most traded crypto asset, dropping 20% this week alone.
But for one of the biggest crypto players, the chaos is a golden moment: the chance to go on a buying spree, with the potential to snap up talent and companies at depressed prices.
Disaster and also opportunity
“I’m not debating that it is disastrous. It is bad,” Changpeng Zhao, cofounder and CEO of Binance, the world’s biggest crypto exchange by far, told Fortune in Paris on Thursday, adding that he's not sure, and historically it has been in four years cycles, but history doesn't predict the future. “But when this disaster is happening, there is also opportunity.”
When Zhao—or CZ as he is universally known—met Fortune...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...