{"id":13350,"date":"2022-07-24T13:10:20","date_gmt":"2022-07-24T13:10:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tesla-selling-bitcoin-no-cause-for-alarm-binance-ceo-says\/"},"modified":"2022-07-24T13:10:20","modified_gmt":"2022-07-24T13:10:20","slug":"tesla-selling-bitcoin-no-cause-for-alarm-binance-ceo-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tesla-selling-bitcoin-no-cause-for-alarm-binance-ceo-says\/","title":{"rendered":"Tesla Selling Bitcoin No Cause for Alarm, Binance CEO Says"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Changpeng \u201cCZ\u201d Zhao, CEO of the world\u2019s largest cryptocurrency exchange <a href=\"https:\/\/igaming.org\/cryptocurrencies\/binance\/\">Binance<\/a> weighs in on <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>\u2019s latest recovery above the $23,000 mark.<\/p>\n<p>Making his <a href=\"https:\/\/twitter.com\/SusanLiTV\/status\/1550532287825166337\">appearance<\/a> on Fox Business, host Neil Cavuto immediately popped the most important question, <strong>\u201cIs this rally for real?\u201d<\/strong><\/p>\n<p>The Binance chief responded that even he cannot tell, and said:<\/p>\n<p>\u201cNobody knows. I cannot predict markets, but markets go up and down. The number of users coming into the industry is increasing though.\u201d<\/p>\n<p>Next, Zhao was asked about Elon Musk\u2019s Tesla\u2019s <a href=\"https:\/\/igaming.org\/crypto\/tesla-sold-75-of-bitcoin-holdings-in-q2\/\">selling 75% of its Bitcoin holdings<\/a> during the last quarter.<\/p>\n<h2>If Musk sells his Bitcoin, so should we?<\/h2>\n<p><strong>\u201cIf he is retreating from this, should we do the same?\u201d<\/strong>, Cavuto asked to which CZ replied:<\/p>\n<p><em>\u201cHe<\/em><em> i<\/em><em>s a smart guy but it doesn\u2019t mean that he holds every valuable asset in the world. He probably doesn\u2019t hold many other company stocks, many other valuable cryptocurrencies, etc.<\/em><\/p>\n<p><em class=\"acss3ea9d\">Just because he buys and sells some Bitcoin doesn\u2019t mean that because he buys Bitcoin it <\/em><em>gets <\/em><em>better, or because he sold Bitcoin it bec<\/em><em>omes<\/em><em> worse.\u201d<\/em><\/p>\n<p>The CEO continued to highlight the strong foundations on which Bitcoin was built:<\/p>\n<p><em>\u201cThe <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1550712577143246848\">fundamentals<\/a> are there, the use cases are there, the user numbers are there<\/em><em> and<\/em><em> the community is there. The fundamental properties of Bitcoin didn\u2019t change because one guy bought or sold.<\/em><\/p>\n<p><em class=\"acss3ea9d\">Nobody knows what <\/em><em>the reasons are why<\/em><em> he bought or sold. Maybe he needed cash for Tesla or trying to buy Twitter or something else, I don\u2019t know. But it doesn\u2019t really mean much.\u201d<\/em><\/p>\n<p>Prior to the interview, Zhao had already referred to Tesla\u2019s selling its holdings as a \u201cdrop in an ocean\u201d on Twitter.<\/p>\n<p>At time of writing, Bitcoin is trading at <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/markets\/\">$22,768<\/a> according to <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a> data.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/igaming.org\/crypto\/tesla-selling-bitcoin-no-cause-for-alarm-binance-ceo-says\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Changpeng \u201cCZ\u201d Zhao, CEO of the world\u2019s largest cryptocurrency exchange Binance weighs in on Bitcoin\u2019s latest recovery above the $23,000 mark. Making his appearance on Fox Business, host Neil Cavuto immediately popped the most important question, \u201cIs this rally for real?\u201d The Binance chief responded that [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13350"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13350"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13351"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}