Binance Founder Changpeng Zhao's Thoughts on Prison, Trump, and Crypto Markets:-🔥🔥💥💥💥
Binance founder Changpeng Zhao shared his insights on prison, pardon, and a possible bitcoin supersonic market in a recent interview with CNBC at the World Economic Forum in Davos.
Prison Experience and Pardon Process- Prison Sentence: Zhao completed a four-month prison sentence for breaking the US Bank Secrecy Act. This was a brutal period but also a prison sentence that Zhao treated as "something I need to endure, but also to go past."
– Pardon: President Trump extended a pardon to Zhao Piyu, relieving him of a “psychological burden” even after serving his sentence. Zhao Piyu denied any lobbying or approaching President Trump and his family and termed it a “black box”. - No Business Ties: Zhao had dismissed accusations of business ties that led to the pardon between Binance and Trump-linked entities, claiming that the reports had misunderstood political deal-making in terms of payment mechanics for a stablecoin.
Crypto Market Outlook - Zhao Sees Potential of a Bitcoin Supercycle in 2026; Halving Cycle Broken, U.S. Leads in Being Pro-Crypto, Others Will Follow
- Long Term Holder: According to Zhao, the latter identified himself as a “long term holder, not a trader,” hence not giving specific predictions about the future prices.
Lessons Learned- Blocking US Users: "Zhao has also admitted that if he were to do things again, he would have blocked all the US users on Binance from day one so that there wouldn't have been any legal issues."
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