What to expect at CZ Binance sentencing on April 30?
Many are speculating on what that could mean for Changpeng Zhao, Binance and BNB.
There's only 2 outcome, CZ are free or he will sentenced 3 year prison.
If CZ are free then it's a big news for BNB, less uncertainty for the investors, BNB will have more confidence in the market and we will have bullish news
But if the news doesn't come out on our favor.
No need to panic. CZ did nothing wrong. Yes, he literally did nothing. Which the US government accused him unable to comply to the regulations.
When CZ step down from CEO, BNB suffered a crash. But rest assured, even if the court results doesn't come out in our favor. The backlash won't be as massive as before.
A lot of BNB has been burned, and whales are locking their BNB until early May due to Megadrop. So no need to panic and hold your BNB. If you lock your BNB you can minimize your loss by selling Megadrop rewards afterwards.
Remember we're in the post halving Bull run. Selling your crypto portofolio is not a good idea. On 30 April Hongkong Bitcoin ETF will start trading and alot of institutional inflows will come in to Crypto market.
So take care, remain calm, and DYOR