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CZ has 90 billion. If he were to publicly buy 10 billion now, and then promise never to sell, like the owner of MicroStrategy, the entire crypto market would instantly revitalize. 10 billion USD is an astronomical figure for ordinary people, but for CZ it's incredibly simple. It's like having 900 USD and asking him to take out 100 USD – it's as simple as that. In the current environment, such a feat would immediately extinguish all doubts about Binance. The whole world would consider CZ a hero. Once the market recovers, Binance can quickly earn back that 10 billion. In the end, his reputation is restored, he hasn't lost a penny, and he's gained 10 billion more in Bitcoin. How many points do you think this suggestion is worth?
Wouldn't he have made even more money by spending 80 billion? 10 billion would have been enough for him to spend however he wanted.
80 billion may not necessarily be cash.
Revolving loan…
Go to OKX for a loan?
Myo
101
Well said, bro.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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