Zhao Changpeng No Longer Follows Musk: Strategic Rift Between Two Giants

Recently, Binance's CEO Zhao Changpeng unfollowed Elon Musk, the boss of Tesla and SpaceX, on social media. This seemingly small action has sparked extensive discussion within the cryptocurrency and tech circles. Insider sources revealed that Zhao's decision was not a spur-of-the-moment action, but rather due to differing views between him and Musk on how to navigate digital assets.

Zhao is concerned about Tesla's inconsistent cryptocurrency policy, which oscillates between buying large amounts of Bitcoin and selling it due to environmental issues. This indecisive attitude makes Binance feel that Tesla is too unstable in the market, posing a threat to Binance's strategies.

Additionally, Musk frequently makes statements on Twitter that have a significant impact on the cryptocurrency market, particularly his strong promotion of Dogecoin, which has left Binance dissatisfied. Binance's team believes that Musk's high-profile approach on social media exacerbates market volatility, which is completely contrary to the principles of market stability and sustainable development that Binance advocates.

Before Zhao decided to unfollow, Binance and Musk's teams had attempted to sit down to resolve these differences. Binance hoped that Musk would tone down his statements that could significantly influence the market. However, the talks broke down, and both sides failed to find common ground. Therefore, Zhao ultimately chose to unfollow as a clear expression of Binance's determination to maintain distance from Tesla.

An unnamed executive from Binance pointed out that although unfollowing may seem like a minor action, it actually reflects serious considerations among leaders in the cryptocurrency industry regarding the future of the market. Binance is seeking a more robust market operation strategy to reduce interference from external uncertainties and ensure it remains competitive in the future.

Although the outside world cannot fully verify these insider accounts, this incident undoubtedly makes the relationship between Binance and Tesla more delicate. Industry observers generally believe that this is a strategic adjustment by Binance to prepare for potential future market storms, aiming to find a new balance in this uncertain market environment.