---
title: 'Cryptocurrency Billionaire Reveals Bitcoin Predictions for the 2020 Decade | CZ Binance Interview'
source: 'https://youtube.com/watch?v=0rMTTlf_gMc'
video_id: '0rMTTlf_gMc'
date: 2026-08-06
duration_sec: 2659
---

# Cryptocurrency Billionaire Reveals Bitcoin Predictions for the 2020 Decade | CZ Binance Interview

> Source: [Cryptocurrency Billionaire Reveals Bitcoin Predictions for the 2020 Decade | CZ Binance Interview](https://youtube.com/watch?v=0rMTTlf_gMc)

## Summary

In this interview, Changpeng Zhao (CZ), CEO of Binance, discusses his views on Bitcoin, cryptocurrency as a safe haven, decentralization, DeFi, and the future of digital assets. He shares insights on Bitcoin's dominance, the importance of building products before issuing tokens, and his balanced perspective on centralized versus decentralized systems.

### Key Points

- **Introduction of CZ** [00:03] — Arnold introduces CZ as the founder and CEO of Binance, the largest cryptocurrency exchange by daily trading volume.
- **Breakfast and casual start** [00:31] — CZ mentions he had cereals and an egg for breakfast, showing a relatable, down-to-earth demeanor.
- **Excitement for crypto's future** [02:06] — CZ is excited about the ongoing financial crisis bringing more users to crypto, seeing it as a game changer for a more decentralized and fair financial system.
- **Bitcoin as a safe haven** [03:12] — CZ clarifies that Bitcoin is a safe haven in the long term, but short-term correlations with traditional markets cause volatility. He emphasizes understanding time horizons.
- **Other coins with potential** [04:57] — CZ says he only invests in Bitcoin and BNB, but supports innovative projects like Ethereum and its copycats, as long as they are actively developed.
- **CZ's background** [06:53] — CZ got introduced to Bitcoin in 2013. He has a computer science background and worked at Bloomberg on futures trading systems, and in fintech companies.
- **Libertarian views** [07:50] — CZ is not a strong libertarian but values freedom. He read 'The Law' and believes in giving people a high degree of freedom, but not anarchy.
- **Not a Bitcoin maximalist** [10:32] — CZ believes maximalism is counter to freedom. He supports innovation and multiple blockchains, though he holds only Bitcoin and BNB.
- **Advice for token projects** [12:25] — CZ advises building a product first, getting market fit, and only then issuing a token. Issuing a token too early can hurt investors and reputation.
- **Bitcoin dominance** [15:28] — CZ thinks Bitcoin's dominance will decrease over time, but it will remain the king for the foreseeable future due to network effects and being the entry point for new users.
- **Bitcoin's decentralization** [20:28] — CZ agrees Bitcoin is the most decentralized and censorship-resistant, with no identifiable founder, making it the safest store of value.
- **SegWit on Binance** [24:11] — CZ explains SegWit is a priority but requires significant work due to custom wallet infrastructure. He cannot commit to a timeline.
- **Next Binance IEO** [27:03] — CZ says the next IEO is coming within weeks, but he cannot disclose project names.
- **Ethereum 2.0 and staking** [28:22] — CZ supports Ethereum 2.0 and staking, acknowledging the difficulty of upgrades but hoping for a big game changer.
- **DeFi excitement** [30:35] — CZ is excited about DeFi innovation but warns that most projects will fail. He advises investors to understand risks and not invest what they can't lose.
- **Decentralization vs centralization** [32:47] — CZ believes decentralization is not automatically better; centralized projects can succeed due to flexibility. He sees opportunities at the intersection of crypto and fiat.
- **Not your keys, not your coins** [37:16] — CZ advises that holding your own keys is good for those who can secure them, but for most people, it's bad advice due to risks of losing keys or malware.
- **Super chats and lightning round** [40:33] — CZ answers quick questions, including about Binance US expansion (not up to him) and DigiByte listing (founder was a hindrance).
- **Lightning round true/false** [42:46] — CZ says cryptocurrency is the future (true), DeFi will lead the bull run (true), no coin will be as decentralized as Bitcoin short-term (true), maximalists are short-sighted (partially true), Bitcoin will be overtaken (yes), most coins trend to zero (true), and Bitcoin to $1M (no comment).

### Conclusion

CZ provides a balanced, long-term perspective on Bitcoin and crypto, emphasizing the importance of innovation, risk management, and understanding decentralization. He remains optimistic about the industry's growth despite short-term volatility.

## Transcript

daily very special episode today we have the guest of honor a man you know entrepreneur billionaire founder and ceo of binance the largest cryptocurrency exchange in the world by daily trading volume
the world by daily trading volume the man the legend cz of binance man thank you for coming on today thank you thank you arnold thank you for having me you're welcome to be here austin austin yes our last name is
um i know it's late night for us we're in la i know it's early morning for you the question everybody wants to know is what do you have for breakfast today it's easy um i had some cereals and the egg so
it's the same same stuff as everybody nice recipe cheerios uh actually i don't know i don't even know know the brand i just need whatever's in put in front of me so one of the many
but we'll get into it um for the folks at home here's the game plan today hangout conversation we're going to talk big picture cryptocurrency and bitcoin type topics
if you have a question for cz who is a man who's been in this space this is the if you want just some clarity and perspective big picture wise for cryptocurrency aaron hey for some reason this went on a
scheduled major major faux pas so do we just yeah i guess we continue i'll tell everybody get to the new stream okay underwhelming
um but okay yeah so for those listening we'll remind you along the way um for those of you who have questions for cz um they'll be filtered through us of course but now is your opportunity so um
aaron should we get right into it let's get right into it this is going to be that's awesome first type question it seems to me that things are starting cryptocurrency after a prolonged
bear market um what are you most excited for short to midterm for crypto um i think does not uh i think for me it's really just now this time when we're going through this financial crisis now or this turmoil
ourselves with and most people are still a lot of people still don't know about it's more or less proven uh over the last 10 years so having cryptocurrencies around is is a really big game changer so i
i don't know if there's any particular one project or one aspect that gets me super excited but i think i'm just very excited to see we're seeing uh from every aspect we're seeing more data more users coming in
learning about it and we finally will be able to move and into uh more or less into a more uh decentralized and fair financial system so hopefully that was that shift will happen over the next
few years so i'm really excited with that yeah and i think i read in a recent maybe it was bloomberg or maybe just coin telegraph type article whatever it was i think you said be careful thinking
that bitcoin is a safe haven like that is the um the hope and the thought around it can you elaborate on that a little more simplistic view of safe haven assets or different
definitions of this type of terms it's not black and white so in the real the real world is slightly more gray scale than that time horizons if you look at a longer time horizon i do believe
very much btc and other strong cryptocurrencies will be a safe haven asset um but if you look at short term um uh there are strong short-term correlations because the traditional markets are so
and when they move when when the traditional markets crash or when they go up when they crash everybody's short on cash and um a lot of the investors uh who are investing the stocks also invest into
want to hold cash so they will sell their crypto at the same time as well their crypto at the same time as well and when stock markets do well everyone and some of that money was spilled into crypto so crypt is so small that it gets
affected by a much larger market so um short term it will be highly regardless but i think if you look at a slightly month years if i think if we look at back in two
years five years ten years i think we'll see another tremendous growth in crypto and less so on fiat so i think it is still very much a safe haven asset but you just gotta understand what that term means and
don't take it like look it's because this have saved heaven uh every doesn't work that quite that way right yeah right right exactly and speaking of that i know you like bitcoin i know you like bnb
now general big picture wise what other coins do you think may have that long term potential um so uh yeah i can't really comment on any other specific coin those two those
are the two that i'm really uh able to comment on um but to be honest i actually don't invest in other coins myself um finance actually takes commission fees in almost every coin
who don't know that when you hold b and b some people still just trade on whatever they have and then uh so binance actually gets a collection of every
small bit at a time pretty strong mutual position for us to have in the industry hold them until i don't know one day some coins go to
because there will be a number of failures in this space and private preference they change all over time um i do support the sort of top coins a bit more i support ethereum
quite you know well they allow a lot of innovation in the space with the smart contracts and now d5 et cetera i also support a lot of the sort of ethereum copycats binance chain
kind of is one to be honest in a lot of extent uh even though we broke the code from cosmos but a lot of philosophies came from so i support a lot of those projects that are innovative and pushing the
so i'm not the thing i'm not is i'm not against any coin in general unless or unless they're kind of not being worked on anymore i'm not we should just look um there's no more development we should stop it
uh but in general i'm not against any coin by principle i had a other question give us uh i always want to know you know you've been since the very beginning i love to get a sense of who you were
before you um got into binance like did you come in as a traditional bitcoiner cypherpunk libertarian or which coins did you connect to and get interested in at the beginning sure i mean i got i got i got introduced to bitcoin in 2013. so
background programmer to begin with computer science um kind of uh in college so more of a tech definitely on the technical side and i worked in a couple i worked in bloomberg
on the tech side but doing futures trading systems and then i worked even before that i worked in a couple sort of uh uh i was a fintech or like specifically trading
companies so i've always been in sort of the exchange tech space you can call it fintech if you want i'm not a strong laboratory libertarian so um i understand i
libertarians and i can understand their views but i'm not that extreme of have a i want to achieve have a balanced view i i look at things in life as there's a balance to be achieved in most
places so i'm not like anarchist i'm not against governments i'm not against strong uh uh strong libertarian view but i do uh agree with a lot of their principles um i think like uh i read the book the
law uh which is written 170 years ago um i i i'm a very freedom driven type of so i think people should be given a very high degree of freedom things that that are really bad uh so for example if
if you take somebody's property without those type of things yes we should be protected against and but by and large we should give people a
large degree of freedom to exercise their own thinking choices but i'm not a complete libertarian at the same time i think for world and lived in different parts of the world
canada vancouver montreal i lived there for multiple years in each city and then tokyo a few years and then new york a few years singapore hong kong so been moving around the world and um i
don't really have a strong narrow national nationalism either so i don't other countries and that's the country i'm gonna uh uh towards too so i have a very neutral
uh it's one it's one little planet that we live on we haven't been able to move away from it just yet but we're all just humans and we're all people and people everywhere so i think more of an international view
and when you take that um having that experience allow gives come into bitcoin it's like wow okay this is a truly inflation there's no quantitative easing uh
transactions through board acro across borders is really easy so that's what how how like how i got into cryptocurrency and what kind of some of the aspects i think that drew me into cryptocurrency in the first place
so yeah interesting i love it i just want to say uh over 1 000 people uh real quick so everybody if you're watching right now hit the like button you're going to see so much more people uh uh tune in to
this stream cz knows how it goes um i so you never got into this space as a bitcoin maximalist like even at the because a lot of people i feel come in and they stay a maximalist
that never was the case for you no uh so i think to be honest the the concept of any coin maximalist is kind of counter towards freedom i mean uh we the the whole thing about the centralization is people should be
each individual all right uh decentralized so their own tokens and for their own projects and to do fundraising and to build interesting stuff
coin we should not have to force everyone to use one bitcoin uh and issues etc um so i think bitcoin will be the king uh he's a grandfather of cryptocurrencies and when you learn
bitcoin so it's for a long time to come it's gonna it's gonna be the king but um dreaming world we the everyone's free to do what they want as long as they don't hurt other people so other they people are free to issue
coins um and uh uh have innovation uh i think if everyone just works on bitcoin you may actually limit into innovation so i think we should have different experiments going on faster blockchains
other crazier blockchains uh other centralized all of those things are interesting to me so i'm not a yeah so i was never a bitcoin maximalist but i don't hold that many coins so i
only hope today i only have bitcoin bmb so i'm not investing in all kinds of different things of course but i do encourage from to develop other blockchains and go for innovations innovation is good
probably seen you're one of the few people that have probably seen the cryptocurrencies uh attempt to get listed on binance so you've probably seen the great ones and the bad ones what um best practices
would you say would you suggest to a person um that wants to start or a business that wants to start their own cryptocurrency and do you uh so yeah uh um actually written a little bit of uh about this
uh like three years ago i would say for the for the project funders questions you should ask yourself if you want to issue a token um yourself uh it's um like if you only do one thing
um if there's something that you want to do if this is the project that you want and if there's one thing in life that you must do now or later and it's also the same thing if those two things match and if the question to
is yes then you're probably at the right place to start a token uh to to launch a project and uh that would be your life's mission for the um you may be difficulty maybe good it may be easy it may be good
challenging uh and it's going to be uh it's going to be very tough usually period of time um the other aspect is uh i would highly recommend people spend don't use your token too quickly
i would actually recommend people to build a product first before they issue a token so um once you use your token it's very hard to only issue that so let's say like uh you say i'm gonna build the next big thing and
the idea is great and then you raise i don't know 10 20 million dollars using crypto now thousands of people have invested in you and your names out um and if you fail uh thousands of
their money and they're going to complain and [ __ ] and you're gonna hurt other people so uh and products have a very high so uh and just being able to build a product is already difficult
so i would i would i would recommend people using a small a smallest amount possible to build a product and get some market fit test of traction then you should talk and say look raise
when the project fail it's really hard to only issue the token so you buy back you probably spend the money already uh on product development um you will not be able to buy it back at the original price uh if
so all of those things hurts other people and in turn hurts your own reputation so um i would really recommend first and know there's a market fit and then issue a token so that would be
now we're we do have a couple super chats i want to get to those in a second um you talked about how you're not a bitcoin maximalists because the most freedom is people's ability to choose what they
really well but other coins um you know there's give and take with everything maximalist argument isn't that you can't uh you know speculate on these coins it's just that
those other coins decentralized and censorship resistant or the most looking
take up well how much of the crypto you know going farther in time did you see bitcoin taking up as far as total crypto market cap um to be honest i think
decrease um not short term um so there are things so so i think that people can bring back to bitcoin like second layer of solutions etc
but when a technology is out already is adopted for 10 years there's a very there's relatively more limited scope that you can sort of uh uh update it so once the technology is out
the framework's kind of there and it's it's adopted um technology like with uh software with programming languages like so those kind of iterations with the rust now so
right so if you really look at to take a longer internet that's html one two three four five there's like browser uh shifts into different platforms the first search engine is now the
search engine most people use today um the first social network is not that either and also like previous strong companies like ibm microsoft are companies they're still big but so things change
they're still big but so things change um it's not i think look if you look at 10 20 50 years later i think it's totally conceivable that something new better than bitcoin i don't think we will lose bitcoin
so i don't think bitcoin i don't think we'll go back into fiat just okay limited test it's gonna it's gonna be there well it's not gonna it's not gonna disappear but something
invest things that are new and better and when you have a full like a large uh revamping that is actually slower than building something new is built um it's kind of still difficult to get
smart contract capability onto bitcoin um bitcoin's not super fast uh et cetera blockchains that's being built right now uh so ethereum actually have some they're much faster blockchains they're much uh there's a lot of nice
guys who copied the ethereum and added more features to it and made it faster so all of so we live in a constant iteration uh iterative process and uh i think for the foreseeable future though for the
future bitcoin dominance will be the most dominant one uh bitcoin has a strong network effect being that anybody who comes into crypto will learn bitcoin first and so and given that 99.9 of the
so bitcoin still have a large room to grow but look if you ask like 20 years is this still going to be king 100 years from now a thousand years from now not sure things just change over time so i'm not so if when you take a much
i wouldn't say that bitcoin's dominance will stay there forever nothing stays forever damn really going against the grain on that bitcoin first obviously if bitcoin went to zero the
fall with it but you're going eventually bitcoin will be phased out i think just a different time horizon i think with if within the next six months true like everything else will be hit hurt really really bad
10-year horizon was is like if you look at the internet right so we got like internet 1.0 2.0 things replacing new technologies do generations so i don't think uh cryptocurrency will
be gone i think there will be they could they it's totally conceivable that other things will come along and uh have stronger adoption and overtake but within the i think within the next even year or or two
if bitcoin goes down uh goes to zero then i think that's that industry and i think what so i think what they said is right uh but um people take that to the extreme like say look uh
terms um so but i don't but you got to take a much bigger scope to look at things and then things usually sit somewhere with a interesting and i want to get to those super chats but just one more follow-up
on that question to me and like as our audience knows um the people that subscribe to us they're learning along with us but think bitcoin from the use case of a store of
resistant and the most decentralized right now for that use case bitcoin there's no other cryptocurrencies becoming more decentralized or
from that use case bitcoin seems to be the dominant winner in terms of the other use cases like smart contracts and where you can build on them that's where alt coins uh will shine
uh yeah so i i agree with that 100 actually so i forgot to mention that i think one of the strongest uh uh attractive points for bitcoin is that's the key okay whereas almost every other
associated we can still identify the funder which pushing progress forward and making decisions but which is bad for decentralization and uh for censorship resistance and
with italic i think the ethereum price will drop a little bit so so in that in that aspect i fully agree that bitcoin is the most decentralized um probably the second to that is probably actually dodge coin right uh
so the fund is no longer involved in the projects and et cetera kind of backing behind as bitcoin does obviously so i think on uh we fully agree so i'm not arguing against those points
and i think for the foreseeable future we will see bitcoin being very dominant the short to medium term but if you look at the super long term conceptually no i think um and uh over time uh
would become really really decentralized right now and hopefully one day they'll get there i'm like look i'm just saying that uh it's not
inconceivable for those things to happen there's a chance it may happen still pushing bitcoin really strongly um but i'm not a bitcoin maximalist um to be very transparent uh i'm like i think bitcoin is great other than
bnb the only thing i hold is bitcoin so uh i haven't sold i haven't bought more uh but uh i i believe in strongly um so strong disagreement there to be honest unless people argue about the semantics
of the wording but i take a much longer view so uh uh i would have said that thinking like nobody obviously knows what's gonna future but i would have said that bitcoin is like the safest
coin to invest in with the best chance of being here in the future as opposed to anything else i think of all the so i think of most probably the safest in terms of uh longevity at this point uh he has the
least risk in terms of uh getting shut down or uh getting destroyed because the founders suddenly decided to quit or something time so i think bitcoin has the least of
highest return coin i'm not sure because some of the because they have higher risks they all may also have higher returns in the oh well now we're talking about something else of course yeah so
uh so it so it depends right so uh everybody have a different risk uh tolerance profile and uh but like look for me i'm a very strong supporter of bitcoin i'm not against it but i i i like bitcoin for all of those things
you mentioned and um so i do think that uh and i today for the next few few years for this industry to succeed we do need to succeed and big but i'm not i'm not worried about that in
that anymore i know bitcoin will succeed there's no way to shut it down um there's no like conceivably conceivable way to shut it down in a um so i'm not too worried about that anymore so that's why
strong supporter of bitcoin that's for sure i love it and we're questions in a second which are just all over the place but i do want one cz the biggest bitcoin supporter out there
wanna put you in the hot seat right now question for you cz we need to get is there any reason segwit hasn't been added and when can we expect segwit on segwit there's no question about the direction there uh it's just a priority
um so we've done a lot of customizations so the so if you install the default bitcoin wallet on your the one that you bitcoin.org um those wallets don't handle
like a thousand ten thousand hundred thousand when you have a hundred wallets and they actually have uh frequent transactions on a like crazy uh it's unusable so we actually had to do a
lot of custom work to cut to accommodate bitcoin uh we wallet ourselves uh given that the the work to add something new or to change it is actually quite a lot uh we also have
how we generate how we generate addresses for new all of those are very secure um and that a lot of our hot wallet has uh security measures around that just introducing a new address format
cigarette we want to but it's a lot of work we have to generate a new format we risk checks around that so it's really just amount of work and priority exactly when but we'll get there sooner or later but
information i know there's still quite a bit of work it's not like we're close close to done so um being very transparent it's gonna take a little bit it's been actively discussed well it's been thoroughly discussed already we
it's just the scope of work is quite large and uh we just we will get we'll get it done eventually or uh user experience for an exchange obviously people want to be able to transfer to low fees surely that's one
experiments if we're all coming at it from a sense of bitcoin to be on board with bitcoin can we get a can we get a commitment or the end of 2021 can we get some someday
so yeah i apologize i can't commit like that um i don't even know if i commit i can't do that um yeah so it's not something i control fully so yeah uh just know from the bitcoin
that's paramount you could get all the bitcoiners in the whole entire world saying everybody go to binance exchange as soon as segwit is implemented just i think most of them are already here so all right all right
some super chats we do have a lot of good ones want because we do have a lot of them um any thoughts on the next finance ieo do you know uh i know obviously i can't i cannot disclose the project names
that's coming very very soon um that's actually a few very strong i actually don't know which one's gonna be first but that's coming very very soon uh i would say that's coming in weeks
that's coming in weeks okay um bitcoin price or market cap at the top of the next bull run ooh um i have no idea but i think there's no limit i mean
again it depends on time horizon i would say look it's 10x 100 x 1000x all possible but it's gonna the higher x is gonna take longer yeah the higher x is gonna take longer yeah uh what inspires you at the moment
um inspires me at the moment i think i'm already quite lucky in the sense i'm working on something that i'm truly honored to do and inspired to do so i yeah so i'm i'm do i'm already have the best job in the world so
inspire me um a lot of other people a lot of other things but increasing the freedom for is already the best chance i can ask for in this life
pretty happy to doing that i love it any um chance that the coin electro neum will get listed on binance i can't answer that so uh yeah
no comment on that one do you what are your thoughts on ethereum 2.0 and what do you think about staking as this new popular trend as this new popular trend sure i think even 2.0 is one of those uh
look if even 1.1.0 is out upgrading is extremely difficult it's a lot of work um so i think it's taking longer than anticipated or but i think that's quite normal to be honest so i'm really
rooting for them to roll it out and i think that will when it rolls out you will be a big uh hopefully will be a big game changer for the industry but i also know that the amount of work involved is
tremendously uh is tremendous this is a both in terms of amount and so i'm rooting for them uh hopefully they get it out sooner soon yeah i get a sense that you're a bigger you're rooting for uh
uh ethereum more than you're rooting for bitcoin are you more of a east guy youth guy uh i'm also i'm also looking for uh bitcoin but development community is pretty is very decentralized but decentralization also
bit slower there's no conservative effort into one area there's no bitcoin 2.0 coming out et cetera but that's good for money argument yeah so that's good for money but at the
maybe less good for innovation in terms of speed of innovation one questions is because the speed is will be a little not inconceivable something would overtake it
i'm not that a strong per so i'm i'm i'm i'm not promoting ethereum over bitcoin limited coins i can talk about to be honest i can't talk about too many coins i i don't want to talk about other coins because it will seem to be more i get
i talk about i talk about bitcoin with you all day but um austin through most of them i'm still writing them down but we can question for zz cz this is the time to ask we might get
to him but big question it seems like the hype excited for is defy specifically defy on ethereum uh what excites you the most about d5 so i think d5 is
is very cool uh in terms of um the innovation aspects of it now i think it started with like landing uh et cetera and now it's got into like all of this really interesting stuff and who would have thought that
uh stable coins have a trading market that you can do you're farming on i mean stable right like so but you know you never know so i think this is this goes to show that um
there's a lot of innovation in this space and which is really good so i um again i'm i'm a very strong proponent of d5 staking etc i think all will increase adoption of crypto at the same time i want to i do want to tell
all the viewers or listeners these are all of these are new stuff so this kind of new technologies or new sectors um again a large overwhelmingly large proportion of the projects will fail in
at the end of the day a few years from now maybe only a few handful of projects will survive and but those handfuls that survive will be what we do really well but the majority of the projects will fail so this
is a very high risk area so for investors um please do understand that risk when you invest and don't come manage your risk or coordinate don't invest what you can't lose and um when bad things happen you just gotta
deal with it uh understand understanding those risks but uh from my very very much afraid for them so um i think this is uh whether they will be long how much long lasting impact you will have is
yet to be seen i think there will be some impact um i think even like we have we went through the ico craze in 2017 but i still believe even though cool but i use are still pretty hot i use a much more
so now we're kind of finding the balance there um but i think blockchain fundraising is a killer app that was kind of uh sort of uh formalized through the ico craze so i think d5 will stay it does
successful so but i think that's the industry we improve so yeah i'm very much for it do you think that the the d5 projects that might have the best
chance of standing the test of time need to be more decentralized or what's your take on not all of d5 is as it's all a spectrum of decentralization so this is my take so uh i think a lot
of people may disagree um just being decentralized does not just this year just being decentralized doesn't doesn't guarantee success that fail and this we we also know there's a lot of
there's also a lot of centralized projects that succeed so i think it's not just one factor that that determines the project will fail or um if everything else being the same decentralized a decentralized project
today probably will have an age but the decentralized projects also have a lot of disadvantages in the sense that they're less flexible farming or some of the decentralized exchanges once they're out they're out
there's not a there's not a centralized entity that can make decisions around it look we can give ten percent a negative rebate we can give ten percent rebates to users uh we can change that uh we can we can
we can we can adjust really really quickly and whereas the decentralized driven by the protocol uh you can't anticipate a lot of the market shifts and you just gotta uh you gotta be lucky enough that that protocol design
has to last many years and it has to be competitive so bitcoin's done that it a number of the top projects done that but if you imagine a decentralized uber centralized uber when they're starting they can do all kind of marketing
different regions they can do different things you probably don't have all of those things back into the protocol so i'm not i don't think people should have the
automatically better it's going to kick all the centralized projects out um that's not quite the case i think so it still depends on how the project is designed how the how strong the funders are pushing it etc
it still depends on a lot of factors but i think if everything being equal then the decentralized thing the decentralized version will be good we'll be we'll have an edge sure i think
it's more decentralized then it has the best chance of scaling especially in the western world like the us who will gladly shut down any centralized type of yeah it depends it depends on it depends on the platform right so for example if
it's uh for example social media uh is being decentralized or not but right now the centralized inertia and network effect so a decentralized platform i'm really
really hard time coming up so it's not that like when you deal with money yes uh uh censorship is another thing where being censorship resistant is good in a lot of ways uh but also at the same time
the map the mass consumers may there's a lot of people who actually prefer because they feel safer um so there are different there are different um segments in the in the market um the strong sort of uh
crypto ogs they want decentralization etc but i i also think that the majority of people in the world today cannot hold on they don't know how to do encrypted backups they don't know they don't know
how to secure the computers they don't they can't tell what efficient site software onto their computers which have viruses so um so again uh i i wouldn't take the sort of uh absolute view and i actually
viewed that today the majority of people are actually novice users who are not given that given that we probably only have point less than 0.1 overall so um they're different that there are
different so i'm not i am advocating for more decentralization but today i actually think that uh there's probably happening at the intersection of decentralization and centralized
so there's probably uh more more more more business opportunities at the nexus cryptocurrencies and fiat uh you know in that intersection than the pure crypto today if you run a pure crypto project your project is most likely going to be
if you if you run a business in those intersections talk on with each uh each thing that's easy he's gifting us with this knowledge but we need to move on we do have some super chats yeah um i
before the super chats i know it's touching on something you just said um most people are very vocal about not your keys not your coins hold your own private keys on cold storage but i think you've been very
vocal about no hold it on finance if you can't handle um you're holding thoughts so so i think there's a there's a met um if you can hold your own private keys by all means do it
benefits for binance to hold your crypto for you secure our platform and the the more funds we hold the more money we have to spend to secure that those funds and uh if you're not
you can hold your coins securely don't hold it on but at the same time again i don't want balanced view every day i have people coming to me say
see i lost my i lost my coin in my own wallet can you help me they either got a virus on the computer or they lost the hard work wallet like or they forgot the password and then they didn't have the
so i get a lot of people coming to i get more people coming to me losing money on are losing crypto on their own than through finance so uh and there's very little things we can do um so
people don't get that exposure most people think oh when exchanges get hacked there's big news because the amount is bigger and more people involved etc when an individual loses ten thousand dollars
quite often so and again i think i still have the view that today there's a there's much more people who there are people who can so a lot of the guys who can hold their
everybody is the same as them and they give people advice hold your own keys i actually think that in most cases that's actually bad advice um just from a pure security of the people of the guy listening
security perspective so i think people should stop should about what's best for themselves is always best for some other people um they have to look at what the other people's situation really advise what's
best for other people um to be honest i also uh i don't i don't really want to strongly tell everyone to throw it's the best crypto funds on binance.com if you can hold it yourself securely do
do by all means do it and i mean if you hold it on binance.com it don't trade there's not there's not a lot of benefit for binance.com so um we don't make have we don't charge you for holding you for keeping your coin secure
uh in fact we have to give you interest taking payments and all this all this other stuff which doesn't benefit us directly so i'm uh holding them holding it themselves but um that advice though is not
universal advice that applies to most people in fact it doesn't apply to the large majority of people today it's bad advice interesting i happen to agree with you i just want to say we have over
2 000 people watching let's see if we can get those likes to 1000 1000 likes and i just want to say god i think we have five minutes six minutes left max best okay let's uh do a couple super chats
and we'll get to we'll finish with the lightning round i love it okay five minutes so be as brief as you like uh can you give us any info on when binance u.s will be coming to particular states like florida georgia louisiana
um again um that's not up to me okay okay we'll move on because this stuff uh any advice for upcoming projects so general let's just skip that one uh hey you
recently uh work harder you recently listed digibyte on your exchange um for a while you were asking that uh did you bite pay a they told you hey we are a truly decentralized project we don't
them what changed so again there's a lot of misinformation because the to be honest the digital the digit by founder is was a hindrance if we just didn't say anything or he if he wasn't there would probably have
but every time like he comes out and say something negative and sometimes even he takes a very like kind of a twisted meaning of things and uh there were multiple times we were about to list it and he comes out and
and he actually handles the problem the progress so i think but at the same time digivite is really interesting having a sort of a negative uh actually makes the coin more decentralized in your way
so we said at the end so um uh after things quiet down a bit for for for a scene for we thought a reasonable period of time he said well let's just there was like uh there was
misunderstandings and uh i was a mishandling of well just it's around and this it just pisses every and the founder likes to attack every exchange so it is what it is interesting very
lightning round going to ask you a series of true or false questions and you'll give your just say true or false if you want to elaborate you're more than welcome to
and we're going to do this and then we are going to cut to goodbyes okay ready cece sure it's difficult from like i usually don't have a minor view but let's try it oh man that's gonna make this fun
cryptocurrency is the future true or false uh that's true decentralized finance will lead the upcoming bull run true or false i think it's true in your opinion
false true i don't think we're gonna see that true i don't think we're gonna see that again no cryptocurrency will ever be as decentralized or censorship resistant as bitcoin true or false
three in the short term true true in the next few years for sure damn bitcoin maximalists are short-sighted true or false but i think you've already pissed them off by not implementing segwits easy
true or false uh i would say partially true partially true okay that's fine it's only opinions bitcoin will eventually be overtaken by another coin you said yes we will see we will see a lot of other
quality crypto projects succeed but most coins given enough time will eventually trend towards zero true or false true that's definitely true one bitcoin will eventually be equal to
one million us dollars true or false cz you're the man let's say our goodbyes austin man uh thanks for coming on cz i hope i come back again sure absolutely thank you thank you so much
of the biggest in the game and with that we are going to end this live stream thank you guys so much see you soon all right see you guys see you soon all right see you guys later