Elon and CZ influence in crypto
Elon and CZ are two names that ring bells in the crypto industry. Both individuals are wealthy, influential, have massive followings, and have made their mark in cryptocurrency both locally and globally. A single tweet from these individuals can either send a cryptocurrency to the moon or its doom.
CZ and Elon are businesses. However, the crypto industry runs with the support of the richest man in the world. Each has its role and the best part is that they are both billionaires working for cryptocurrencies.
CZ We try to be transparent to operate Binance Exchange as a good trader. It's the best thing. Also, Cz is always trying to push crypto adoption as we saw recently when he built some real-life partnerships with people like Ronaldo and Khaby, he is also trying to bring innovation to the Binance platform to bring more exposure to non-crypto people.
A lot of people like Cz and a lot of people like Elon, but Cz supports cryptocurrencies regularly and goes through different ideas to make cryptocurrencies more convenient for people and make them aware.
During the recent market crash, Cz tried to save the market and put things right but there were several mistakes made by SBF since the end of Ftx that negatively impacted the stock market and dumped the market.
Even when CZ announced the news of Binance's takeover of Fox, the market got a little pumped up, but it eventually fizzled out.
On the other hand, Elon occasionally posts about cryptocurrencies and most of his tweets are about Dogecoin, so the reactions are mixed.
Elon brings some temporary hype to cryptocurrencies because he is the richest person and also stays in the limelight with his various unique activities, his tweet can pump the token but eventually, it leads to pumping and dumping.
Some say that Elon is the one who is a more important, influential, and supportive person of cryptocurrencies without directly earning from the crypto exchange. He thinks that CZ is only relevant because of its exchange and since there are other CEX platforms, it can be overlooked. For others, CZ is the most influential proponent of cryptocurrency adoption because it is transparent, aware of security and SAFU, and a lover of decentralization. Others think that both are capitalists and are more interested in personal interests and profits.
Who do you think Elon or CZ has a bigger positive influence on cryptocurrencies and why?
Which one can easily increase or decrease your portfolio, and which one do you think contributes more to decentralized finance, cryptocurrency promotion and availability, and mass adoption?
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