According to BlockBeats, Binance founder and CEO Changpeng Zhao (CZ) said in a speech at the "Virtual Fireside Chat: CZ" session of Token2049 in Singapore: "I think one thing that needs to be made clear is that cryptocurrency does not need 100% penetration. The global Internet penetration rate is only about 60%. So we may think that everyone is using the Internet, but according to some statistics I have seen recently, only about 60% of people in the world are using the Internet. Therefore, if the penetration rate of cryptocurrency is currently around 5%, which is the proportion of people with certain cognitive skills, maybe it is higher now, between 5% and 10%, I can say that we have crossed the "abyss", and I think we are very close to this goal. Once we cross this stage, growth will grow exponentially. So I think we are already on the edge of this stage. So we are still in the early stages, but no longer very early."