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Binance CEO Changpeng Zhao shared his opinion that Twitter will support several different cryptocurrencies in the future, and not just BNB and DOGE. Today, November 1, the expert spoke at the AMA conference, during which he spoke about the introduction of digital assets on the Twitter platform.
According to Zhao, the Binance exchange is not particularly involved in social network operations, but simply acts as one of the co-investors. However, the expert noted: Twitter should support several cryptocurrencies, not just BNB and DOGE. The choice of only one digital asset for integration is not the most strategically rational decision, Zhao emphasized.
He also answered questions regarding the criteria for integrating NFT tokens on the Twitter platform. According to Changpeng Zhao, the BNB ecosystem allows users to purchase non-fungible tokens at minimal cost. However, the NFT segment is still relatively small and also stagnant in 2022.
The entrepreneur expressed the opinion that now Elon Musk is more focused on organizational issues. Apparently, now is not the best time to actively promote digital assets based on Twitter. However, given Musk’s enthusiasm and support for the crypto industry, large-scale crypto-related solutions could be presented on Twitter in the foreseeable future, Zhao stressed.
Earlier, the editors of Crypto.ru informed: experts assessed the prospects of the MicroStrategy holding corporation. They believe that a long-term drawdown of bitcoin will not have a long-term negative impact on the company’s position. But this is only possible if the firm continues to adhere to the hodling strategy. In the second quarter of 2022, MicroStrategy reported an unrecorded loss of $1 billion.
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