Crypto companies have to hold assets one-to-one, says Binance CEO Changpeng Zhao

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  • Опубліковано 14 гру 2022
  • Binance CEO Changpeng Zhao joins CNBC's 'Squawk Box' to discuss how the company is working to avoid a major fallout similar to the crypto exchange FTX.

КОМЕНТАРІ • 1,6 тис.

  • @ReidCoffman1
    @ReidCoffman1 Рік тому +781

    with this crash i'll say it won't be too easy to pick the right stock, jim Roger said there are still huge opprtunities despite the crash, and i overheard someone talk about making $300k from about $10k since the crash. how do i make these kind of returns?

    • @alicenolan
      @alicenolan Рік тому

      I'll suggest you find an investment advisor or someone with market experience

    • @Rachelschneider03
      @Rachelschneider03 Рік тому

      @@alicenolan Thats true, I've been getting assisted by a coach for almost a year now, I started out with less than $120K and I'm just $29,000 short of half a million in profit.
      AMY PRISCILLA RASKIN

    • @stevencooper7818
      @stevencooper7818 Рік тому

      @@Rachelschneider03 Her good works already speaks on Her behalf, last week I lnvested and got $30,600 and that's just in few days after I got started.

    • @AaronTucker-th2nn
      @AaronTucker-th2nn Рік тому

      @@stevencooper7818 HOW?

    • @Rachelschneider03
      @Rachelschneider03 Рік тому

      @@AaronTucker-th2nn She is an Advisor I found through cNBC Stock report;

  • @theodorerossi7998
    @theodorerossi7998 Рік тому +34

    *Your act of Kindness and the way you render your service shows that you are a professional in what you do. Please how can I build passive income ?*

    • @christinabecker5495
      @christinabecker5495 Рік тому

      I’ll recommend you invest as it’s the only way to prepare for the unexpected and build passive income as well. But before you embark on any investment , I’ll advice you to work with a Financial Planner who will help build intelligent plans to meet your financial goals.

    • @christinabecker5495
      @christinabecker5495 Рік тому

      I operate a long-term investment and make daily returns on my investments handled by a Wealth Creator(Investment Adviser); *Donald Nathan Scott.* It is never easy to build wealth by investing solo. Most people who make good investment get help from experts but claim to have done it on their own.

    • @christinabecker5495
      @christinabecker5495 Рік тому

      To get in touch with my Financial Adviser *(Donald Nathan Scott)* ; Look up his full name as mentioned on the internet.

    • @georgearthur8059
      @georgearthur8059 Рік тому

      There is a popular saying that says;” if you are good at what you do, people would surely talk about you anywhere they go”. Donald Nathan Scott has appeared on famous social media and I am also working with such a talented professional and would recommend him to anyone.

    • @ThompsonMLisa
      @ThompsonMLisa Рік тому

      I made countless losses on my investment until I encountered Donald Nathan Scott. I am surprised to see someone else mention his name and services on UA-cam. And I’m glad to be working with such a reliable expert.

  • @GeminiEye1314
    @GeminiEye1314 Рік тому +141

    The bias is clear here. They didn't grill SBF nearly as hard lol.

    • @maxthea9994
      @maxthea9994 Рік тому +14

      Yeah i notice that too...

    • @Sralit
      @Sralit Рік тому +4

      You are right, but it’s about time to ask hard questions to everyone rather sooner than later!

    • @Jed800
      @Jed800 Рік тому +3

      Exactly! That’s what I’ve been saying. I feel like the OLeary connection here for NBC is very interesting too

    • @leonecomm
      @leonecomm Рік тому +1

      Truth be told. Subtle financial discrimination.

    • @mangakey
      @mangakey Рік тому

      Well that is true but this is post FTX all crypto exchanges are gonna be getting grilled. by the media .. These days... not really fair just kinda how it works...

  • @hai8138
    @hai8138 Рік тому +188

    Listening to ZC talk and explain crypto is like Listening to .Vitalik Buterin.
    Listening to SBF and Kevin O'Leary talk about crypto is like listening to liars scamming your money.

    • @larslover6559
      @larslover6559 Рік тому +14

      As if Vitalik and CZ are not scammers too.

    • @apc4884
      @apc4884 Рік тому +15

      Vitalik is the biggest scammer of them all.

    • @interstellar.overdrive
      @interstellar.overdrive Рік тому

      @@apc4884 not bigger than you

    • @SolidSnakeDinamo
      @SolidSnakeDinamo Рік тому

      @@apc4884 I wish i get scammed like this everyday of my life lol , scam if you stoooopeeed

    • @anestimihalchev4726
      @anestimihalchev4726 Рік тому

      all this guys below that are pointing scams in everything must be really stupid listening and depositing in something u think is a scam. brainless people...if u think are scams dont deposit dont buy dont watch...what is the problem here

  • @TheKimbolam
    @TheKimbolam Рік тому +103

    He’s asking the questions with the tone as if CZ was the one who stole billions.

    • @carlosray5363
      @carlosray5363 Рік тому

      There is a narrative now that all.are like ftx. Seems like a planned event.
      Sbf worked hand in hand with sec.

    • @mikedixon9257
      @mikedixon9257 Рік тому +4

      Of course. You can't have a legitimate financial entity. Government doesn't like this stuff

    • @UNCENSOREDASIANVLOG
      @UNCENSOREDASIANVLOG Рік тому

      They're on SBF side... The entire democrat party and America's fake news media.

    • @danjo9520
      @danjo9520 Рік тому +7

      we need hard questions asked. the host is doing his job...

    • @larslover6559
      @larslover6559 Рік тому +5

      @@mikedixon9257 this wont age well. Binance will crash for sure

  • @maryamjaafar9558
    @maryamjaafar9558 Рік тому +54

    TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.

    • @helenlucent3586
      @helenlucent3586 Рік тому

      I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.

    • @silvermom5513
      @silvermom5513 Рік тому

      The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.

    • @paulemily5339
      @paulemily5339 Рік тому

      @@silvermom5513 Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

    • @jamesarnold1816
      @jamesarnold1816 Рік тому

      Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

    • @andrewdonna8230
      @andrewdonna8230 Рік тому

      Interesting.. how did you do it? I could use some help over here too, My Crypto picks have been depressingly bad Tbh I'm in need of a good investment plan currently, I still have a lump sum in a savings account yielding next to nothing. Do you have more clues that could help?

  • @cervezabeeramigo5048
    @cervezabeeramigo5048 Рік тому +20

    Crypto exchange AAX, taking advantage of the situation with FTX, has frozen all user accounts. After announcing a two-hour maintenance on 11/13/22, management later stated that the company was experiencing operational difficulties and needed to find new investors. Another 3 weeks have passed and AAX has not updated his blog, the official Facebook and UA-cam pages have also been deleted, the support address has become invalid, and today even the main server and the official website have been closed. The savings of many thousands of users have been stolen and this is clearly a planned scam!

  • @elmunita
    @elmunita Рік тому +15

    I hope that Binance will continue to stand, contrary to what happened with the AAX exchange that suddenly disabled withdrawals, communicating contradictory information that changed over the days (hacking, maintenance, lack of liquidity) Until finally the communication it ended and the server went down with no explanation. Please investigate the AAX case.

  • @georgemaxwell8574
    @georgemaxwell8574 Рік тому +32

    Investing appropriately today can save you a whole lot of stress in the nearest future

    • @Charlotte.2
      @Charlotte.2 Рік тому

      How! I would really appreciate if you show me how to go about it, please can you list the platform?

    • @Cole.67
      @Cole.67 Рік тому

      Her trading income stream is mind blowing,I also trade with her. I've made $62,000 so far trading with her guidance/advice.

    • @williamskitchi
      @williamskitchi Рік тому

      Same here, I earn $17,000 a week.God bless Mrs Charlotte, she has been a blessing to my family.

    • @nabahatgundogan
      @nabahatgundogan Рік тому

      Honestly I believe because I have seen people around my neighborhood that actually gets 70k per month trading with a broker, thanks for the info dude am happy that I came across this information. You are best keep the good work going, I will get in touch with Mrs Charlotte ASAP and begin my investment and trading journey with her platform…

    • @sharonsmart62
      @sharonsmart62 Рік тому

      Wow 😯 I thought I was the only one who knows Mrs Charlotte Walsh. I have also been trading with her, she's such an amazing woman with good skills keeps me happy all week knowing I earn $15,000 extra income trading with her.

  • @guillaumejean-marying.5838
    @guillaumejean-marying.5838 Рік тому +44

    CZ's straight answers from straight questions were needed in such situation. Cheers.

    • @MRrealpolitik
      @MRrealpolitik Рік тому +1

      FTT tokens crashed bcuz of what cz did dumping them and tweeting about it.

    • @chung-jenweng6454
      @chung-jenweng6454 Рік тому

      😂sarcasm?

    • @dextersahagun5814
      @dextersahagun5814 Рік тому

      @@MRrealpolitik if he dont do that we didn't know what SBF, FTX DO and they do a MASSIVE FRAUD....

    • @despareint
      @despareint Рік тому +1

      he couldn't even come up with an audit

  • @Bradleyschaeffer376
    @Bradleyschaeffer376 Рік тому +129

    I’m of

    • @AmandaRae757
      @AmandaRae757 Рік тому

      I actually read articles of investors who mentioned Ethan Laird and making a lot of money yesterday from crypto investments even during the dip. Thanks for sharing her details

    • @angelaprice6487
      @angelaprice6487 Рік тому

      Best TA man.. his method is effective and easy to execute, you get to see crypto trading from a different angle.

    • @omarmarcos5888
      @omarmarcos5888 Рік тому

      Got a chance to benefit from his services too by implementing his signals and following his guide, it has been a very smooth experience.

    • @Bradleyschaeffer376
      @Bradleyschaeffer376 Рік тому

      Investwithlaird

    • @GaryWinstonBrown
      @GaryWinstonBrown Рік тому

      His technical analysis are great. His interpretation/projections of the market is so accurate, Ethan Laird is one of the best trader I know to follow for advise and daily signals and you won't regret it.

  • @lovejones5154
    @lovejones5154 Рік тому +49

    🎉 you work for over 30yrs to have $1M in your retirement,meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.

    • @patrickcabello4386
      @patrickcabello4386 Рік тому

      @monica Hettick How does one knows a genuine and reliable account manager this days.

    • @joannevruno6975
      @joannevruno6975 Рік тому

      Interesting, I have a lump sum doing absolutely nothing in my bank account, i wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?

    • @newelljesper1044
      @newelljesper1044 Рік тому

      @@joannevruno6975 I wanted to start investing as well, Is it safe to start now, or should I wait until the end of this possible correction/ bear market, despite the economic crisis facing most part of the world, is this the best time to invest in stock, Gold/crypto?

    • @patrickcabello4386
      @patrickcabello4386 Рік тому

      @Marcus Jeffrey How were you able to achieve this.

    • @felixramah7284
      @felixramah7284 Рік тому

      @Marcus Jeffrey that's impressive

  • @MB-hi2ef
    @MB-hi2ef Рік тому +50

    CZ is on point-- the last man standing

    • @MuchCow9000
      @MuchCow9000 Рік тому +5

      Last con standing

    • @hygogc1685
      @hygogc1685 Рік тому

      Another guy working for China, good luck shorting bitcoin for sure.

  • @antoniohandel8332
    @antoniohandel8332 Рік тому +118

    Success is dependent on the action or
    steps you take to achieve it. Show me
    a man who doesn't have an investment
    and I will tell you how soon he'll go broke
    Investment is building a safe haven for the
    future: with the right choice of investment
    that has at least 1% minimum risk and
    with an Expert guidance, profit and interest
    should be 💯 guaranteed.

    • @antoniohandel8332
      @antoniohandel8332 Рік тому

      Asset that can make you rich
      Stock
      Bitcoin
      Real estate

    • @jayrenee1552
      @jayrenee1552 Рік тому

      How do I really invest in bitcoin and make huge profits , i'm actually confused here, can someone please help me out

    • @daothai5056
      @daothai5056 Рік тому

      @@jayrenee1552 Same here, It's very confusing seeing so many people talk about the profits the make from there investment in bitcoin while I keep dipping from on win to a bigger loss

    • @wanglei7182
      @wanglei7182 Рік тому

      @@daothai5056 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that fx and bitcoin is one of the profitable money exchange services that elevates investors and their financial status.

    • @dulcerocio4763
      @dulcerocio4763 Рік тому

      @@wanglei7182 That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad experts

  • @buddy_
    @buddy_ Рік тому +154

    Question: Can a bank survive if everyone wants their money on the same day?
    Answer: They can't

    • @hw6271
      @hw6271 Рік тому +2

      I'd like experimental results lol. Let's see your theory applied to binance 🤣

    • @lagillas
      @lagillas Рік тому +6

      they can, because money is infinite unlike crypto.
      They just go on DEBT with the click of a button and pay their clients.

    • @kalb.3002
      @kalb.3002 Рік тому

      They have the federal reserve and ppl like warren buffet to bail them out

    • @kalb.3002
      @kalb.3002 Рік тому +3

      @@lagillas u mean “credit” is infinite not money

    • @akay8127
      @akay8127 Рік тому

      Thank you!

  • @user-xk3sc2zv4s
    @user-xk3sc2zv4s Рік тому +14

    the AAX exchange closed the withdrawals to all users, deceived a lot of people. Please help me to cover this topic!

  • @unstoppable-ar3292
    @unstoppable-ar3292 Рік тому +4

    Solid interview CZ!! Stay strong and safe my brother. I am rooting for you even though I don't have any money to invest in binance right now, I do have an account though.. Much love brother..

  • @carlsmith3652
    @carlsmith3652 Рік тому +60

    CZ got the hard questions and sbf the soft questions ... wauw ..what a world.

    • @HansMcGruber
      @HansMcGruber Рік тому +4

      Of course, he's the guest that is on, not SBF. People are worried about remaining exchanges and if it could happen to Binance, hence the questions. Makes sense to me.

    • @LeeDaHitman
      @LeeDaHitman Рік тому +1

      just what i thought myself

    • @ANieves3873
      @ANieves3873 Рік тому

      @@HansMcGruber yeah now that the rest of the world is getting used to all of this and applying their knowledge of how fiduciary responsibilities are handled in the financial world this should also apply in this space and so they want to know if it is or not.

    • @Emre-lm9dk
      @Emre-lm9dk Рік тому +1

      @@HansMcGruber have you watched the same guy interviewing SBF like he is an innocent school kid that made a mistake? Watch it lol

  • @Jed800
    @Jed800 Рік тому +69

    CNBC now doing due diligence and asking the tough questions after they called SBF the next JP Morgan

    • @fredm.2699
      @fredm.2699 Рік тому +3

      Great observation

    • @jaclrossrick6327
      @jaclrossrick6327 Рік тому +1

      The same network that has Jim cramer? Give me a break

    • @hw6271
      @hw6271 Рік тому +2

      This counts as due diligence? Some questions on CNBC? Man no wonder so many people get clowned in this lol.

    • @ShozzleMeNoz
      @ShozzleMeNoz Рік тому

      Er, no. The question is a stupid one. Why should Binance happen to have an inexhaustible supply of USDC on hand if everyone suddenly decides they want it?
      If I go into a shop and see an empty shelf where they've run out of stock of one item, do I think that shop is going bust? I think 2020 already answered that question.

    • @stewybagodonuts817
      @stewybagodonuts817 Рік тому

      While they tounged sbf’s ballz🤣🤣

  • @MIchaelGuzman737
    @MIchaelGuzman737 Рік тому +328

    The most important thing you can possibly put money into over the next 1-2 years is crypto. If you don’t know about crypto, LEARN ALL YOU CAN AND START INVESTING. Thank me later.

    • @Americanpatriot723
      @Americanpatriot723 Рік тому +3

      Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.

    • @84gaynor
      @84gaynor Рік тому +1

      Building a good financial portfolio is more complex, so I would recommend you seek professional help. This gives you strategies aligned with your unique long-term goals and risk appetite.

    • @Ammo-Hoarder
      @Ammo-Hoarder Рік тому

      @@MatthewVinson Please, how can I reach out this adviser? I am looking for a more effective investment approach in my savings, putting it to work because it is dying due to inflation.

    • @MatthewVinson
      @MatthewVinson Рік тому +4

      @@Ammo-Hoarder You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage.

    • @Ammo-Hoarder
      @Ammo-Hoarder Рік тому +2

      @@MatthewVinson I looked up the name "Lisa Ellen Shaw" and she seems quite trustworthy and knowledgeable. She is a fiduciary acting in the interests of the individual. So I left a message on her website, hopefully she will reply soon.

  • @britney_david
    @britney_david 10 місяців тому +11

    It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.

    • @Jeffrey_Ambrose
      @Jeffrey_Ambrose 10 місяців тому

      ​@sophiahenry238She trades for me too. My first investment with mrs Helen gave me profit over $25,576 and ever since then I trade with her and it has been a good turn up

  • @SD-mg7np
    @SD-mg7np Рік тому +27

    I’m starting to realize that binance prob didn’t even want any investors like o Leary

    • @hw6271
      @hw6271 Рік тому

      I'd guess the Chinese government might be secretly floating him

    • @vic8189
      @vic8189 Рік тому +5

      OLeary was a paid spokesperson.

  • @rstrong30
    @rstrong30 Рік тому +45

    funny how he attacked cz and we aint never heard em go after sbf. cz this was the best response ever. sometimes you have to put folks in their place and this was one of those times!

    • @750dollarman2
      @750dollarman2 Рік тому

      He didn’t attack CZ. He disagrees with him as no pressure under an attempt of a bank run BECAUSE he didn’t get there is a “fiat part” in stable coin transactions and therefore one would need to wait until the banks open

  • @NPAMike
    @NPAMike Рік тому +7

    I wonder how much of customer funds did SBF give to CNBC because they didn't try this hard to grill him like they did to Binance.

  • @tyn6211
    @tyn6211 Рік тому +8

    There is ZERO chance that hosts understood CZ when he started talking about the stable coin conversion.

    • @anderivative
      @anderivative Рік тому

      I'm of medium knowledge on the topic and I understood it.

    • @ragingtyga
      @ragingtyga Рік тому

      He asked CZ if it would create a strain on their business because of how they work if their customers made large withdrawals. He basically said yes.
      His entire explanation of stablecoin conversion was unnecessary because at the end of the day they are at the mercy banks and speculation,just like FTX

  • @eastrawi
    @eastrawi Рік тому +29

    I noticed that the tone used here with SBF is very soft, and higher tone used with CZ.

    • @benayahbenyahsharel4534
      @benayahbenyahsharel4534 Рік тому +5

      Race is always the decisive factor…it’s default behaviour for a lifetime of race training

    • @sunnymoondog
      @sunnymoondog Рік тому +2

      ​@@benayahbenyahsharel4534 yep

  • @user-hd3el9nf4b
    @user-hd3el9nf4b Рік тому +12

    Aax is damn scammers, return our money

  • @jeremydustin9867
    @jeremydustin9867 Рік тому +19

    A $42,000 PROFIT SENT TO MY PORTFOLIO EACH WEEK, MRS LAURA PENCE IS AMAZING!!

    • @owenw2232
      @owenw2232 Рік тому +1

      REALLY,
      is her trading strategy that GREAT??

    • @marcobrayden8376
      @marcobrayden8376 Рік тому

      The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.

    • @fredwillams7048
      @fredwillams7048 Рік тому

      @@owenw2232 Big yes!!!!, She's really the best broker I have ever invested with, I've made a lot of profit investing with her am very confident with her because of the steady income she makes for me she has never faltered.

    • @alexbrandon9956
      @alexbrandon9956 Рік тому

      I keep earning $37,667 trading with Mrs laurapence, she have really made trading easier for me than I expected.

    • @edwardsingh4487
      @edwardsingh4487 Рік тому

      @@alexbrandon9956 I'm a little confused here, Do you hand over your funds?

  • @fa5234
    @fa5234 Рік тому +12

    Binance seems to be a serious company run by a serious CEO.

  • @aldroid4844
    @aldroid4844 Рік тому +6

    CZ is totally awesome 👏 Honest and straight forward. He understands his responsibilities & Certainly is 100% safer than any Bank in the World.

    • @sereleg07
      @sereleg07 Рік тому

      I will believe until regulation is in place

    • @gaurav036
      @gaurav036 Рік тому

      Are you kidding me? CZ just lied through his teeth

    • @sereleg07
      @sereleg07 Рік тому

      Need to be regulated

    • @JunkBondTrader
      @JunkBondTrader Рік тому

      banks have their problems, but safety is not one of them. C'mon, you don't need to lie to make crypto look good, there are so many good points to talk about.

  • @cruzc5frc
    @cruzc5frc Рік тому +38

    "Banks don't work 24 hours a day. They only work a few hours a day." - CEO Changpeng Zhao

  • @notyouagain40
    @notyouagain40 Рік тому +1

    Wow. Amazing clear interview Well done to everyone involved in making this content.

  • @poptartrog
    @poptartrog Рік тому +42

    people hate on CZ and binance due to his chinese origin , but theres a reason why binance is best and biggest exchange in the world atm.

    • @AlaGamesMobile
      @AlaGamesMobile Рік тому +4

      Majority of them, are people that was sponsored and got hurt by FTX and the credibility. And now they are all after CZ

    • @vicasuncion
      @vicasuncion Рік тому +1

      True, but we all love CZ because of his true passion for crypto.

    • @nilfux
      @nilfux Рік тому +5

      @@AlaGamesMobile It's because CZ figured out FTT was worth 0, and dumped them, causing this tidal wave. CZ happened to be 100% correct.

    • @codycast
      @codycast Рік тому +1

      Proof that people don’t like him because of his Chinese ancestry?

    • @nilfux
      @nilfux Рік тому

      @@codycast How would you prove something like that?

  • @user-iw6th4dr7l
    @user-iw6th4dr7l Рік тому +15

    Please investigate on AAX SCAM 🙏

    • @palaukawoon
      @palaukawoon Рік тому

      yes please help 🙏🏼🙏🏼🙏🏼

  • @georgeheyden4524
    @georgeheyden4524 Рік тому +9

    Despite the current economic downturn, I'm so happy I made a big income stream investing with Mrs Ava Rowena, You’ve changed my whole life, Thanks so much

    • @andrewakins9428
      @andrewakins9428 Рік тому

      I'm surprised you know her too, I've been making a lot of profits investing with her for a few months now.

    • @tessbakker7549
      @tessbakker7549 Рік тому

      Mrs Ava Rowena changed my life because of her high profits I got from investing with her.

    • @nicolasvasquez7531
      @nicolasvasquez7531 Рік тому

      I'm new at this, please how can i reach your broker

    • @lucasmckenzie3055
      @lucasmckenzie3055 Рік тому

      You invest with Mrs Ava Rowena? Wow that woman has been a blessing to me and my family.

    • @philipclarkson5910
      @philipclarkson5910 Рік тому

      I was skeptical at first until I decided to try. It's huge returns is awesome! I can't say much.

  • @Camelotskin
    @Camelotskin Рік тому +68

    CZ crushed them when he said it's hard for Financial people to understand that Banks operate on fractional reserves which basically means they only have a fraction of deposits and get bailed out by Central Banks while exchanges(Binance et al) does not.

    • @darkrood
      @darkrood Рік тому +6

      it's almost as if there's a correcting mechanism and benefit for regulation that crypto doesn't have.
      Nah, crazy talk.
      Government bad, M Kay

    • @zlonewolf
      @zlonewolf Рік тому

      @darkrood he is talking about banks not federal reserves. You should look up the great depression and what people went thru during bank collapse of that time period.

    • @abian54
      @abian54 Рік тому

      @@darkrood 🐑🐑🐑🐑

    • @blazzz13
      @blazzz13 Рік тому

      @@zlonewolf That is basically what's happening right now with crypto.

  • @davidrichard1788
    @davidrichard1788 Рік тому +10

    Choosing to invest in Btcoin is the best
    decision anyone can make with the
    right approach. it works.

    • @humwapwashadrach748
      @humwapwashadrach748 Рік тому

      Well... I will advice everyone should
      stop trading on their own, to avoid
      loosing and start trading with the a professional broker Services.

    • @maimunatuabdussamad2845
      @maimunatuabdussamad2845 Рік тому

      Yes...its totally true, you should contct
      a professional broker like Mrs Stacy Griffin
      she is the best broker. I was
      sceptical about her at first but after I
      got paid, I always invest over and over
      again because she understands the
      trading market very well

    • @pamelaangela4798
      @pamelaangela4798 Рік тому

      Many people are afraid to invest
      because of the scammers in the
      business

    • @williammark5020
      @williammark5020 Рік тому

      Farley Yes they are scammers in the business just like it's in every other business but they are also legit brokers out there too

    • @kimberlylaura2072
      @kimberlylaura2072 Рік тому

      Mrs Stacy Griffin is sincere. trustworthy
      and legit. she's a professional broker
      and account manager who is good at
      what she does.

  • @reasonrusfromme9731
    @reasonrusfromme9731 Рік тому +13

    The fund under Binance’s custody should be one-to-one if they don’t use it for their own trading, lending or for any other purpose. CZ put it well. Crypto exchanges are not like banks which keep fractional reserves at the Fed which serves as the lender of last resort to avoid bank runs. Banks can take customers money and lend it out as mortgages, car loans, commercial loans, etc. Crypto exchanges, function like a brokerage function, have to keep the 1-1 ratio. If they lend their customers money out without customers’ consent, they can run the danger of a “bank run” situation where they don’t the liquidity to deal with withdraw demand

    • @richardli5530
      @richardli5530 Рік тому

      Wait till enough people start pulling out. Then what?

    • @rickybobby7276
      @rickybobby7276 Рік тому +1

      CZ flat out said assets aren’t held 1:1. If you deposit one USDC he mixes it and the amount of USDC deposited isn’t the amount of USDC held. Dude just admitted to a huge issue and is why Binance is showing signs of stress.

    • @TT-jg8ju
      @TT-jg8ju 10 місяців тому

      @@rickybobby7276 no he didnt and its fine. What timestamp

  • @cryptomonkey281
    @cryptomonkey281 Рік тому +33

    CNBC you always seem to ask questions that other much smarter people have already asked, it's like you have no idea what is going on in this space and take prompts from twitter trends. Quite embarrassing to watch, but a good gage of what other less informed people are being fed all the same. CZ, keep up the great work.

    • @aaron092000
      @aaron092000 Рік тому

      Why does that male interviewers left eye look like a lizard or cat eye?

  • @gazzar2722
    @gazzar2722 Рік тому +13

    Well done CZ

  • @Alejandracamacho357
    @Alejandracamacho357 Рік тому +350

    The volatility in the market is alarming. How can i diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation? I mean I've heard of people making up to $300k weeks during this crash and I'd like to know how.

    • @reginastanfield7061
      @reginastanfield7061 Рік тому +3

      You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.

    • @biancanigel6954
      @biancanigel6954 Рік тому +5

      @@reginastanfield7061 You and I both agree. The more so because an investment coach's skill set is based on short- and long-term holdings for profit realization and their unique analysis makes it nearly difficult for them to underperform, I prefer having their input in my day-to-day investment decisions. I've had a coach help me invest for literally four years, and we've already made over $1 million in net earnings.

    • @Alejandracamacho357
      @Alejandracamacho357 Рік тому +3

      @@biancanigel6954 How can i reach out to your professional.

    • @nhmimnh
      @nhmimnh Рік тому +2

      Dyor , don’t just ask around like that, you’ll may end up scammed, lose money for nothing.
      There a lot of good traders made money during the Luna/Ftx crash just by shorting. But it is really risky, gotta be a very good trader yourself.

    • @biancanigel6954
      @biancanigel6954 Рік тому +2

      @@Alejandracamacho357 Search and connect with Susan Agnes Hancock. She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

  • @yennybudiman4866
    @yennybudiman4866 Рік тому +15

    I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

    • @oksanagarmash1985
      @oksanagarmash1985 Рік тому

      Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

    • @ariayoung8937
      @ariayoung8937 Рік тому

      ~~~I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles

    • @milicavorobey5922
      @milicavorobey5922 Рік тому

      @@ariayoung8937 Wow I'm just shock you mentioned and recommended Expert Mrs Karen Charles,I thought I'm the only trading with her

    • @gitamajji5105
      @gitamajji5105 Рік тому

      Here in Canada Expert Mrs Karen Charles carries out the both orientation and mentorship
      potentials

    • @girlietunac8506
      @girlietunac8506 Рік тому

      ~~I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

  • @AEKGreg21
    @AEKGreg21 Рік тому +4

    CZ you are great man!!!!!!

  • @chrishawke6991
    @chrishawke6991 Рік тому

    Where is the full interview ?

  • @viralsheddingzombie5324
    @viralsheddingzombie5324 Рік тому +9

    Very good point CZ made about not having a federal reserve in the crypto space. In fact, FTX was trying to act as a central-fed reserve among the crypto companies, and it obviously did not work out.

  • @Krystyna768
    @Krystyna768 Рік тому +3

    I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single dad living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me

    • @Krystyna768
      @Krystyna768 Рік тому

      Sorry for late reply friend, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big.....

    • @Krystyna768
      @Krystyna768 Рік тому

    • @jaceadams9271
      @jaceadams9271 Рік тому

      Wow! You’re really doing great for yourself. lnvesting in stocks and cryptocurrencies also contributed in changing my story. I wish you all the best and I’m glad you’re having a great journey so far. God bless you

    • @jaceadams9271
      @jaceadams9271 Рік тому

      ...Omg....amazing to see someone who trades with Mrs Valentina Gabriel, i am currently on my 6th trade with her and my portfolio has grown tremendously..

    • @Krystyna768
      @Krystyna768 Рік тому

      Kindly reach her on telegram with the username below ; and tell her I referred you. okay?

  • @GregMeg
    @GregMeg Рік тому +9

    So now they want everyone to withdraw money 💰 to see if these crypto exchanges can stand up. Well same for banks let's all withdraw our cash from banks see which h one can handle it.🤨

    • @eduardomacias233
      @eduardomacias233 Рік тому +5

      Banks, central Bank will hold them, and they can print infinite money

  • @ninjaong87
    @ninjaong87 Рік тому +5

    Where's the link to the full interview?

    • @interstellar.overdrive
      @interstellar.overdrive Рік тому +1

      cnbc put it behind pay wall

    • @ninjaong87
      @ninjaong87 Рік тому

      @@interstellar.overdrive Lame.. so much FUD in mainstream media and truth is hidden behind a pay wall.

    • @phala_fala
      @phala_fala Рік тому

      @@interstellar.overdrive 😂

  • @spatty2589
    @spatty2589 Рік тому +10

    I loved this interview... CZ he said what I was thinking... to get the heat off SBF Kevin threw CZ in the line of fire. He conveniently forgot about embezzlement, theft, and lies told by SBF and his group of minions that were advertising FTX crypto.

  • @yo-anlin7193
    @yo-anlin7193 Рік тому

    Where is the full video?

  • @coldscooter
    @coldscooter Рік тому +1

    Where's the full interview?

  • @lilpedro8225
    @lilpedro8225 Рік тому +3

    We know it, HODL is a must. Probably we may have down trend but belive it as moment to buy more

    • @danielbarb
      @danielbarb Рік тому

      Would agree with ya, just a matter of time to see it turning green. It's time to gret prepared, been ready with tons of XRD for next legs up

    • @mrmoon4795
      @mrmoon4795 Рік тому

      @@danielbarb I do agree with you, thats nice move to eye XRD. Well, seems RadFi succeeds to make the crowd getting bigger

    • @lilpedro8225
      @lilpedro8225 Рік тому

      @@danielbarb Is that promising? Sounds like small cap project

    • @lilpedro8225
      @lilpedro8225 Рік тому

      @@mrmoon4795 Something good happen? Not even familiar with that one anyway

    • @danielbarb
      @danielbarb Рік тому

      @@mrmoon4795 Well, RadFi has made it clear right? That was great event and so amazed with its mobile wallet, cant wait to see it going live along with Scrypto later at end of Q2

  • @dattan2850
    @dattan2850 Рік тому +5

    When you hear someone explain things that they understand so well, you will automatically trust them. When someone trying to blame and attack someone with pretentious logics, you can tell as well.

  • @Sralit
    @Sralit Рік тому +21

    If I had any assets at Binance, I know what I’d do 🏃🏻‍♂️💨

  • @BrickBreaker21
    @BrickBreaker21 Рік тому +4

    Great answer by CZ. Maybe get a couple banks which overlap on hours. Distributive computing.

  • @ashirumuhammad9595
    @ashirumuhammad9595 Рік тому +6

    Please help us about AAX EXCHANGER it has frozen all user accounts it taking advantage of the FTX situations now we can't Withdraw our money from the AAX

    • @palaukawoon
      @palaukawoon Рік тому

      yes AAX users really need help from media 🙏🏼🙏🏼

  • @RhettReisman
    @RhettReisman Рік тому

    Do you guys post full interviews here?

  • @eyeCU.00
    @eyeCU.00 Рік тому +2

    This interview answers the question "Why Crypto?" Very simply 👏

    • @ronwinkles2601
      @ronwinkles2601 Рік тому

      In deed, why crypto! Only when it is backed by gold and silver will it have any true value.

    • @eyeCU.00
      @eyeCU.00 Рік тому

      @ron winkles Not quite how value works but I see your point... Communities determine value by nature (which is why Gold & Silver still hold value over "Time" itself for example) So what gives Crypto value is the same as a Ferrari, Iphone, Playstation, World Series Tickets, Rookie Cards, a Big Mac, etc... Utility + Community = Value... (This is how businesses give stocks value for example) Rarity only increases value. It's the whole essence of economics. Now I get everyone has their preferences (& loyalties) but Why Crypto is an argument like Why Credit or Why College...

  • @DavidRodriguezzz
    @DavidRodriguezzz Рік тому +18

    Homeboy seemed nervous towards the end of that interview. Some solid questions being asked there.

    • @christianmathew398
      @christianmathew398 Рік тому +7

      Should have asked those to SBF, that Dem donation money coming in handy

    • @dkrz8050
      @dkrz8050 Рік тому +2

      Not at all

    • @Dukeofcrow
      @Dukeofcrow Рік тому

      @@christianmathew398 he donated just as much to Rep.s , but that’s conveniently left out. Do the reps control the media? 🤔

    • @AudiTTQuattro2003
      @AudiTTQuattro2003 Рік тому

      @@christianmathew398 ...and that Republican dark money too. SBF was equal opportunity lobbying.

  • @janezpetergrom4731
    @janezpetergrom4731 Рік тому +12

    CZ... you do not have 1:1 coverage. And you know it 🤣

  • @AndrewLeOffice
    @AndrewLeOffice Рік тому

    Completely agreed with this CEO. This talk is as good as it’s performance per strict governmental regulations and supervision. Can it be done?

  • @jrmayberry3536
    @jrmayberry3536 Рік тому +15

    Never trust anyone that says everything is fine after something went wrong

    • @shapursasan9019
      @shapursasan9019 Рік тому +3

      Ignorant advice. A lot of times things go wrong but then it turns out fine.

    • @freedomdividendnews5042
      @freedomdividendnews5042 Рік тому +2

      Its 50/50 really but he does have a point with the bank. Maybe he can use something better than a traditional bankbank

    • @takeitzenman7894
      @takeitzenman7894 Рік тому +2

      Never trust anyone who makes blanket generic statements that aren't based on facts.

    • @ApriliaRacer14
      @ApriliaRacer14 Рік тому

      @@takeitzenman7894 Buah ha ha!

  • @sungkim742
    @sungkim742 Рік тому +14

    Can't trust any of these companies as long as there are no regulations.

    • @tellyaddict
      @tellyaddict Рік тому +1

      Binance is actually doing more for the unbanked in the world than any organization in traditional finance and its regulators have ever done.

    • @firecatskylar
      @firecatskylar Рік тому +2

      @@tellyaddict can you clarify what exactly

    • @tellyaddict
      @tellyaddict Рік тому

      @@firecatskylar 57% of Africa’s population is lacking any form of bank account because they are not commercially interesting enough to traditional banks. A Binance account costs _nothing_ i.e. there are no fixed monthly costs. Also with Binance you can send BTC and many other coins (incl. dollar-based stable coins) to another Binance user _anywhere in the world_ at _zero_ cost and 24/7. Think of what an immense help that is for migrant workers that need to send funds to their families in different countries. Those cross-border remittances would be very expensive, if at all possible in some of those countries, through the traditional banking system. Just search on Binance and Africa and there's plenty to discover there. They are also doing a lot in the way of education on Bitcoin and crypto in general.

  • @ChoedanKal
    @ChoedanKal Рік тому

    thats how honesty deals with a tough conversation😎🤙🏾🦁

  • @timsexton
    @timsexton Рік тому +1

    I hope those watching this interview ascertain the difference between someone giving straight answers, and someone blathering bullisht circle-talk. CZ answers questions in a very succinct manner - and he actually covers the point of the question asked. CZ is wholly different from others (blessed with the gift-for-gab) who use their forked tongue to blather about and cheat or swindle people of their hard-earned money.
    *_TRUST !!_*

  • @valerykidcon222
    @valerykidcon222 Рік тому +6

    Dear Cnbc team.please talk about AAX exchange scam.

  • @strwind
    @strwind Рік тому +20

    I respect him even more after this Kevin O’Leary saga

  • @quantifiablyqorrect2905
    @quantifiablyqorrect2905 Рік тому +2

    Funds are safu, CZ has been one of the only guys of integrity in the crypto space

  • @coolhead8686
    @coolhead8686 Рік тому +21

    "Not every other animal is the same".

  • @jamespayne2277
    @jamespayne2277 Рік тому +7

    My life has totally changed because I've been earning $15,250 returns from my $4,000 investment with Mrs.Elaine.

    • @Rosen750
      @Rosen750 Рік тому +1

      I'm glad to see Mrs.Elaine mentioned here, my spouse recommended her to Me after investing $4000 and she has really helped us financially in times of COVID -19 lockdown here in Australia.

    • @NancyP7000
      @NancyP7000 Рік тому

      Wow, i've seen a lot of recommendation about Mrs.Elaine , is she really that good?

    • @darwind.footman
      @darwind.footman Рік тому

      I am from Frankfurt Germany I connected with her and she has helped me a lot, she makes so much profit for me .she made success earlier than i thought.

    • @melissahorton9805
      @melissahorton9805 Рік тому

      Yes, Mrs.Elaine is the best. She is the only one I can leave my investment with and think less about it, she is my money maker. I just received $13,000 of my investment last month. I am very happy because she is leading me to financial freedom.

    • @GaryMEllis
      @GaryMEllis Рік тому

      @@NancyP7000 I have never seen any of her clients complain of lost....I think she is just too perfect.

  • @jakafe1188
    @jakafe1188 Рік тому +13

    Binance= No.1 exchange in the world!

    • @vibingroup3460
      @vibingroup3460 Рік тому

      BS, they are not

    • @bravewarrior1218
      @bravewarrior1218 Рік тому

      Binance Is Trying to Calm Investors, but Its Finances Remain a Mystery.
      The world’s largest cryptocurrency exchange is seeking to reassure customers about the safety of their holdings after the collapse of FTX. Binance’s position means its success or failure will weigh heavily on the entire crypto market.

    • @zlonewolf
      @zlonewolf Рік тому

      @vibin uh yes they are. They have enough cash to buy FTX one of USA largest "exchange" (turns out it was ENRON 2.0).

    • @vibingroup3460
      @vibingroup3460 Рік тому

      @@zlonewolf I don’t believe that, This stupid CZ guy is a bluff and I am damn sure he is using customers money!!!

  • @kennySg101
    @kennySg101 Рік тому

    CZ answered the qns really well. It is difficult for exchanges if there is a mass redemption. Cryto currencies Likely to take a hit, troubles may not be over.

  • @antoniomartin1601
    @antoniomartin1601 Рік тому +5

    Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.

    • @lauraramin4417
      @lauraramin4417 Рік тому

      I'm thinking of investing in the crypto market but taking my time to figure out how the whole thing works.

    • @joshuajones7606
      @joshuajones7606 Рік тому

      Investing in crypto is very volatile and risky which is why most successful investors trade with professional brokers

    • @jessicapatron2439
      @jessicapatron2439 Рік тому +1

      I have been investing in crypto but have had a bumpy ride. How can I reach your broker? I will appreciate any tip or pointers

    • @filipavalente5864
      @filipavalente5864 Рік тому +1

      I once tried trading myself but made more losses than profits. I wouldn't suggest it to anyone

    • @marksixtusdakota376
      @marksixtusdakota376 Рік тому +1

      @@stjepandujmovicjp1495 You're right! Investing in Crypto market isn't a myth. A few years back I felt it was impossible but here l am today...all l had was God and a dedicated broker.

  • @WoltTechnology
    @WoltTechnology Рік тому +5

    aax stole money from hundreds of thousands of users, they have to pay back and fall to justice; the exchange is called Aax and its CEO was Thor Chan and VP Ben Caselin

  • @preciseaudioblog
    @preciseaudioblog 9 місяців тому +1

    Great interview. CZ solid as a rock.

    • @alphabeta2515
      @alphabeta2515 6 місяців тому +4

      lmao

    • @eIectrostatic
      @eIectrostatic 6 місяців тому +1

      ​@@alphabeta2515Why LMAO? Binance assets are still safe and Binance is still rock solid as a company...

  • @williammeredith3618
    @williammeredith3618 Рік тому +2

    CONFUSED. I AM

  • @vladimirgazizov6473
    @vladimirgazizov6473 Рік тому +6

    I started trading with Sir Deymon few months ago and it has been an amazing journey. Very soon it became clear that he puts not only a lot of effort, enthusiasm and professionalism in his work, he also cares a lot of being a true, honest mentor to the new traders. In all of the classes, the profit returns is great.

    • @onuzenkechi6101
      @onuzenkechi6101 Рік тому

      I've just struggled contacting samdeymon, Perfect time.

    • @lade5
      @lade5 Рік тому +1

      SCAM!!!

    • @lade5
      @lade5 Рік тому

      @Karen Brian Don't believe you.

  • @Anonymous_Lee19
    @Anonymous_Lee19 Рік тому +10

    CZ is saying the same thing SBF said a few months ago, how can we trust him?

    • @tomamine
      @tomamine Рік тому +3

      Please share the link where SBF has said that ... Thank you!

    • @travisli-rufus1949
      @travisli-rufus1949 Рік тому +2

      Dude, banks are scammers too. Banks have no fund too, if all depositors want their money back. It will collapse banksters.

    • @AudiTTQuattro2003
      @AudiTTQuattro2003 Рік тому +1

      @@travisli-rufus1949 ...does no one here understand what the FDIC is for?

    • @travisli-rufus1949
      @travisli-rufus1949 Рік тому

      @@AudiTTQuattro2003 , oh you are right, I didn't know. FDIC can handle 100% withdrawal for all 100% depositors. Let's all try to take our money out, if they can handle it.

    • @UnusualOscar
      @UnusualOscar Рік тому

      Withdraw your $500dollars

  • @orhansuner
    @orhansuner Рік тому +7

    Help people on AAX exchange SCAM!

  • @steveg6978
    @steveg6978 Рік тому +7

    Off shore opaque account....what could go wrong

    • @rcpcash
      @rcpcash Рік тому +1

      As opposed to banks that you trust that don't have to maintain any reserves to make loans because they are backed by an unlimited amount of money the FED can print...

    • @zlonewolf
      @zlonewolf Рік тому

      @ray pease you should look up the term digital ledger. Banks dont have to maintain your dollars in physical dollars. Now if youre talking about federal reserves and gold backing then i agree.
      Your money isnt backed by any asset. The govt can literally print money and dilute your money.
      However again due to the "digital ledger" the money is still worth something beside inflation and other factors that can cause it to devalue.
      Now can the dollar ever reach zero? Absolutely.
      However so long as the economy is intact. The dollar will be fine. Your $10 is still $9.9999987654321 after 20 years...but $5 burger will be $250 in 2050.

  • @HODL_BTC
    @HODL_BTC Рік тому +8

    Love Binance

  • @rundmc5554
    @rundmc5554 Рік тому +1

    I dont see what people are seeing wrong with this specifically . ps all my Binance funds are off

  • @retiredandcrusty
    @retiredandcrusty Рік тому +2

    O’Leary deserves to go to prison

  • @DeeZzoW
    @DeeZzoW Рік тому +5

    CZ very strong explanation! 💪💪💪 that’s why Binance is number 1!!

  • @maryholmes3628
    @maryholmes3628 Рік тому +10

    As the economic crisis keep raising, one need to have different streams of income a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure portfolio investment future, Thanks so much Mrs. Gianna Jayden for improving my portfolio.

    • @larrynguyen3923
      @larrynguyen3923 Рік тому

      Wow , amazing to see others who trade with Mrs Gianna Jayden, I’m currently on my 5th trade with her and my portfolio has grown tremendously and all thanks to her.

    • @bobcoffin9694
      @bobcoffin9694 Рік тому

      This is not the first time I am hearing of Mrs Gianna Jayden and her exploits in the trading world but I have no idea how to reach her.

    • @larrynguyen2503
      @larrynguyen2503 Рік тому

      I opened a trade at 10k with Gianna Jayden and took profits 2 times, scaled it up and make more gain. hoping for another successful month

    • @maryholmes3628
      @maryholmes3628 Рік тому

      @@bobcoffin9694 You can communicate with her on telegam with the username below

    • @maryholmes3628
      @maryholmes3628 Рік тому

      Investwithjayden 💯

  • @zaethebarber9250
    @zaethebarber9250 Рік тому +2

    I dont see Binance having problems with this FUD from FTX and their friends and if CZ is proven to speak truth one more time, this will only make binance even bigger.

  • @Ardarail
    @Ardarail Рік тому +1

    Binance has been one of highest quality exchanges historically. That being said: not your keys, not your coins.

  • @codelessunlimited7701
    @codelessunlimited7701 Рік тому +10

    ScamBank: "I do not know where the money goes."
    Kevin O'Greedy: "Here is my massive opinion on where the money goes."
    CZ: "The banks operate under fractional reserves, and Kevin is losing his brain cells every time he opens his mouth."

    • @bjvu9460
      @bjvu9460 Рік тому

      It's funny that most people didnt know that!!!
      banks are in the business of using your money to lend to others, and invest in insurance products ! I am sure they do more than that but if they are taking your money and lending to others, why would they have 100 percent of the deposit in a treasury account?
      Thats not rocket science. what the feds did was allow the banks to carry a reserve of x amount of dollars to continue the circulation of money with the prediction that most people will not withdraw their funds which will cause a catastrophic event.
      I dont know about the inner workings of crypto but it was obvious how banks work but people seems surprised that they are on a fractional reserve when it should be obvious.

  • @rocky8014
    @rocky8014 Рік тому +13

    This guy is legit. Straight forward and to the point.

    • @rushrush6754
      @rushrush6754 Рік тому +3

      Yes just like Madoff was until caught. Just saying.... I too think he is legit

    • @neo69121
      @neo69121 Рік тому +2

      just like SBF was right until the very last second

    • @00mistacory
      @00mistacory Рік тому

      Nah SBF operated shady from the beginning and tried to make CZ the villain in the crypto space; almost a text book example of a "wolf in sheep's clothing" cuddling with the Feds 🤦

    • @ga1226
      @ga1226 Рік тому

      Yeah, so is every grifter until they get exposed.

    • @tellyaddict
      @tellyaddict Рік тому +1

      @@neo69121 CZ called BS on SBF/FTX and he dumped their worthless FTT token. He was quite right to do so.

  • @andrewwilson5901
    @andrewwilson5901 Рік тому +2

    CZs blink rate doesn't make me feel bullish.......

    • @hygogc1685
      @hygogc1685 Рік тому

      I thnk he would do better, if he've just said I don't speak English.

  • @NewsSeriously
    @NewsSeriously Рік тому +31

    I have never held a crypto in my life. But have been following the story and think this man will walk out this alive

    • @Jonathan-gk6se
      @Jonathan-gk6se Рік тому +8

      Maybe... These guys idea of backed 1:1 is using their made-up coin as collateral.

    • @chiquita683
      @chiquita683 Рік тому +1

      Alive in a country with no extradition?

    • @123tamz
      @123tamz Рік тому +2

      @Jonathan that's FTX they use their made up coin as collateral

    • @mmstick
      @mmstick Рік тому +3

      @@Jonathan-gk6se Proof? This is baseless FUD.

    • @MuchCow9000
      @MuchCow9000 Рік тому

      @@mmstick lol he said proof....do your research little man

  • @sarahhandreson4482
    @sarahhandreson4482 Рік тому +9

    Mrs Sarah is legit and her method works like magic I keep on earning every single week with her new strategy.

    • @christianupson6346
      @christianupson6346 Рік тому +8

      Wow I' m just shock someone mentioned expert Mrs Sarah thought I' m the only one trading with her.

    • @xiaoping1754
      @xiaoping1754 Рік тому +7

      She's really amazing with her skills. She changed my 0.5btc to 2.1btc.

    • @brightologo3336
      @brightologo3336 Рік тому +5

      I also trade with her, and earn $2,600 every week. All my family have been trading with her and making profits..

    • @ologobright
      @ologobright Рік тому +3

      I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her..

    • @fxcashapp
      @fxcashapp Рік тому +2

      Please how do I start with Mrs Sarah

  • @brutebiz82
    @brutebiz82 Рік тому +1

    I don't care how eloquent the speaker is. Every cryptocurrency platform will collapse if there's what's akin to a "bank run" on their exchanges! If people are fearful about the platform, then they will liquidate (or try to liquidate) their funds. This has been proven time and again throughout history.

  • @theGT5
    @theGT5 Рік тому

    thank God we got you CZ, don't let them pour all that dirt on the whole space just because one cex gone, that's what they try to do...

  • @cryptoverse-
    @cryptoverse- Рік тому +3

    Simple and to the point explanation smart Guy

  • @jasonfolie2220
    @jasonfolie2220 Рік тому +1

    Love this guy

    • @Hboogie182
      @Hboogie182 Рік тому

      He just exposed himself as a fraud and you still love this guy? wow I just can't.

    • @jasonfolie2220
      @jasonfolie2220 Рік тому

      @@Hboogie182 the binance ceo didn’t do any fraud? He runs i great business model so not sure what you are talking about

    • @Hboogie182
      @Hboogie182 Рік тому

      @@jasonfolie2220 he's running a flywheel scheme. Look it up. It's only a matter of time before the whole scheme collapses. Don't trust, verify.

  • @israelsattleen9373
    @israelsattleen9373 Рік тому

    What bank?

  • @masteryoda9044
    @masteryoda9044 Рік тому +12

    Kevin Leary was blaming CZ for FTX

    • @carawikirran
      @carawikirran Рік тому +4

      He is the chief spokes person

    • @artieborko4988
      @artieborko4988 Рік тому +1

      “Kevin O’Leary is biggest crypto jabroni! I suplex him like that other jabroni Hulk Hogan!”
      -Iron Sheik, Dec 15th, 2022

    • @dextersahagun5814
      @dextersahagun5814 Рік тому

      coz he is an idiot bald... and benefiting from SBF fraud.. now they are being caught red-handed they are now pointing fingers to anybody....

    • @dmtd2388
      @dmtd2388 Рік тому

      i am in crypto since mining btc late 2010 i seen a lot of clowns in the space every bearmarket binance has nothing to do with it they even sold them cause they already knew it would come to the end and what shady bussines was going on with alameda Market Makers , the whole crypto market would have drop anyway even with out FTX i seen this coming since more then 6 months cause my chart model is going exact by price and date since june 2021 same on stock market ,FTX was just hanging on a thread since may and when binance find out and sold also last FTT while the market doing next wave of correction FTX was done ,even if binance did has sold there FTT still FTX would have gone down while there was hanging on a thereed the market washed them out by wyckoff patterns.and little larry playing and crying its fault of binanc of ftx falll enought little larry you was in this game with FTX to.

    • @cazrin973
      @cazrin973 Рік тому +6

      Kevin o leary? The $15M paid spokesperson for ftx, same Kevin O leary?? 😂

  • @360VRStudios
    @360VRStudios Рік тому +3

    NOTE - Move your crypto to a cold storage after purchase as you don't have custody of your keys while it is held in the exchanges.

    • @Billy_Rizzle
      @Billy_Rizzle Рік тому +3

      I couldn't agree more! I don't understand why people are keeping their decentralised currency in a centralised location. Especially when the value they are holding is so valuable to them.

    • @ANieves3873
      @ANieves3873 Рік тому

      @@Billy_Rizzle because most people still don’t understand this and are still thinking their money is safer in bank than under their mattress.

  • @Tarntydon22
    @Tarntydon22 Рік тому +1

    No loans, no VC money? How is BNB different from FTT? If they are largest buyer and seller of it like FTX was for FTT and VC/competitors can establish positions in it the same and cause liquidity crash then the book value of binance will crash all the same