Some people say: CZ will be released from prison on September 29, and BNB will soar!
First of all, I don’t agree with this view
I will also share a few reasons, which are my shallow personal views:
First, CZ has withdrawn from the CEO position of Binance, the world’s largest exchange
Second, the reason for CZ’s imprisonment this time has touched the bottom line of countless investors, manipulation, and rice washing
Third, the run on FTX Exchange at the end of 2022 has caused countless American investors and institutions to lose all their money, which has seriously touched the red line of the United States
This is why Binance has been targeted by the American judicial institutions since 2022, because as long as it is a centralized exchange, there will be problems, and one check will be accurate
In January 2023, the Americans began to take action, first let you give in and pay a fine; then let you plead guilty, bear legal responsibilities, restrict freedom, and sign many unequal treaties
Fourth, CZ has transformed from the former "richest man" to the "criminal "People", no matter what happened in the past, at least in the field of currency circle, many governments have been eyeing them.
From a macro perspective, the above points are: CZ is forced to gradually become a "transparent person", because a person with a "stain" cannot allow Binance to continue to reach new highs; secondly, Binance is the world he built, and if you want Binance to have a better future, you must stay away from him.
However, as the largest holder of BNB, CZ can no longer spend it from the perspective of wealth; he will definitely not sell the coin, because BNB is the cornerstone of Binance, and the biggest beneficiary of the platform stability must be the holder of the coin.
Therefore, CZ's release from prison will not have a big impact on the future trend of BNB; what I mean by big here is: room for growth
