The U.S. Department of Justice prosecuted CZ and sentenced him to 3 years. Will Binance go bankrupt?

The financial market is always unpredictable. After a few days of silence in the cryptocurrency circle, new "king bomb" news has arrived

This has made many anxious friends "panic"

Now they are facing two extremely serious problems:

First, is Binance safe? Should the coins in the account be transferred?

In fact, I think it is of no value to study the results of CZ's handling of this matter

The melon-eating crowd can't get any benefits in the cryptocurrency circle, and they may be "disgusted" in the end

Because the United States does things without a bottom line, their bottom line is just the US dollar, or to put it nicely: interest

First of all, CZ's incident appeared at this time, and his predecessor was the CEO of the number one centralized exchange

The previous ones were all small fights, and this time he started personal imprisonment, which is different in nature

But please note one thing: CZ resigned as CEO of Binance before this

Secondly, in addition to CZ, Binance has another core figure, the number one sister in the cryptocurrency circle: He Yi

It can be said that many successful business models of Binance were created by Yijie, who is also the most outstanding female representative in the currency circle

She has faded out of the stage in recent years, one is due to her position, and the other is to prevent problems before they happen

Binance has been applying for legal licenses in various countries since 2018, and currently holds 18

Secondly, Binance's Bitcoin holding address has 475,000 BTC

Binance has now achieved a semi-centralized operating model, and its financial resources, security, and core personnel are all guaranteed

Therefore, CZ deserves the title, and 3 years is safe for Binance

Second, will this incident evolve into a black swan event, triggering a sharp drop in the currency circle?

Will there be a "black swan" event? In my opinion, it will not happen. There are several reasons for this.

First, the halving is over and the Ethereum Cancun upgrade has landed. These are all positive fundamentals.

Second, the market is eager for a crash. Since October 2023, most people have wanted to bottom out again. After nearly half a year of torture, it has been deeply rooted.

Third, the passage of Bitcoin ETF has accelerated the inflow of funds. On April 30, Bitcoin and Ethereum ETFs in Hong Kong can also be officially traded, which is another channel for capital inflow.

Fourth, the market has just been bloodbathed, and the copycats are bleeding. Even if the leeks cannot be harvested completely, at least they should be slowed down and given some space to grow fat first.

Fifth, the market value of Bitcoin has remained above 50%, which is a signal light.

Of course, there are many other bases, such as platform restrictions, which I will not explain one by one. If you want to know more details, you can consult me ​​on the main page.

The above are all personal opinions. With the development of the blockchain industry, decentralized platforms will definitely be a better choice.

But any transformation takes time. You can't be the first batch of little white rabbits, nor can you be the last batch of takeovers.

Everything depends on timing. Only when you do things that are beneficial to you at the right time will you achieve twice the result with half the effort and everything will come naturally.

April 2024 is the most important month: it connects the past and the future. You only need to do one thing right, and the future bull market will be smooth sailing.

If you are confused at the moment, don’t know what coin to buy, and don’t understand the market, you must choose carefully. You are also welcome to join the village and follow us. #Meme币你看好哪一个？ #Binance #DOGEUSDT $SOL $PEPE