Binance CEO Changpeng Zhao addressed some new potential paths ahead for the next crypto bull market. Check out the latest reports below.
Binance CEO addresses new narratives for crypto
According to the CEO of the world’s largest crypto exchange by trading volume, there will be a series of positive developments in the crypto industry during the upcoming bull market.
During a recent Bankless interview, Changpeng Zhao, the CEO of Binance, shared his thoughts on what he believes could be the next major development in the world of crypto and blockchain technology.
“If we talk about the internet, we wouldn’t say, ‘What’s the next big thing that would drive internet adoption?’ There are so many different things. There’s video conferencing, social media, Google as an information hive mind, and a lot of other different things going on. In the early days, you may ask, ‘What’s the next thing?’ But I think for crypto and blockchain, it’s beyond one single thing now,” he said.
He continued and said the following:
“In 2017, there were ICOs, which were ERC20 tokens basically. And in 2020 and even 2021, there are multiple things going on.”
He also stated the fact that the next one may be multiple things.
“It’s no longer a single thing that drives adoption because the industry is bigger, and there are more players. So we should be looking at what’s the next big NFT (non-fungible token) thing and what’s the next big DeFi (decentralized finance) thing.”
According to Zhao, the advancements in crypto technology could result in various use cases or narratives during the upcoming bull market.
According to the CEO, there is a possibility of old narratives from past bull markets, such as payments, making a comeback in the future.
Other than this, there are all kinds of crypto prediciotns that are optimistic these days and the price forecasts are also pretty bold.