Binance founder Changpeng Zhao (CZ) stated that while he hopes for an increase in Binance's valuation as a shareholder, the exchange's value is closely tied to the cryptocurrency market cycle. During periods of declining crypto prices, trading volumes and fee revenues decrease, making it difficult for Binance's valuation to rise. CZ emphasized that he never shorts or attempts to "suppress prices" and continues to engage with governments worldwide to promote crypto development, even if he no longer manages Binance. CZ also criticized Forbes for using Binance's valuation increase to estimate his net worth, calling the logic flawed. He added that beyond a certain wealth threshold, additional wealth contributes little to happiness, highlighting the importance of health, family, and positive impact.
Binance CEO CZ Discusses Exchange Valuation and Personal Wealth
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