CZ: FUD Brings More Exposure to Individuals and Binance, Platform Will Ultimately Benefit After the Storm Resolves

BlockBeats News, January 31st, Binance founder CZ spoke in an AMA response to recent market FUD, stating:

「If you keep repeating a name to badmouth someone or some platform, you are actually doing more PR for them, bringing more exposure. When people hear 'Binance' repeatedly, whether newcomers to the industry or seasoned players, the impression that 'Binance is the industry-leading largest platform' will become extremely deep in their minds. These accusations — saying Binance can cause this, can manipulate that — actually make Binance appear extremely powerful, almost becoming the only platform users need to pay attention to. Many users who did not originally use Binance are likely curious and come to register to see for themselves.

As an example using my number of followers, this is good evidence: for almost a whole year, my number of followers has hardly increased. I think Twitter's algorithm is continually cleaning up zombie accounts, which is a good thing. But recently, the growth rate of followers suddenly accelerated, rising quite quickly.

What most companies are truly afraid of is not negative attacks, as people have their judgment. They are afraid of being ignored — no one discussing them. And right now, for whatever reason, everyone is talking about me, talking about Binance. When everyone delves deeper, they will find that this is a good platform, and all of this is ultimately a good thing.」