On July 29, CNBC reported that in an interview, CEO CZ of binance believed that the current development of the encryption industry is actually much better than when the prices of Bitcoin and Shanzhai coin hit a record high nine months ago.
Because people who build real applications stay in the industry. CZ explained that cryptocurrency has attracted many non believers to enter the field. They are likely to be speculators, which should not happen on a large scale. Therefore, continuous correction is inevitable.
