CZ: The industry is actually in much better shape now than it was at the all-time high nine months ago

In an interview with CNBC, Binance CEO CZ believes the crypto industry is actually in much better shape now than it was nine months ago when Bitcoin and counterfeit coins hit record highs. Because the people who build the real applications stay in the industry. CZ explained that cryptocurrencies have attracted a lot of non-believers into the space, and they are likely just speculators, which should not happen on a large scale, and therefore, a continued correction is inevitable.