Binance’s CZ: Bitcoin (BTC) Has Unlimited Fiat Potential

(BTC) has an unlimited price potential, stated Binance’s CEO Changpeng “CZ” Zhao. He believes the limited supply of coins means the nominal price is not constrained.

https://twitter.com/cz_binance/status/1206416065095299073

BTC has no predetermined price, or any fundamentals that could determine a “fair” value. The asset is in an almost constant state of price discovery, and there is no way to tell which phase the price is going through.

But BTC prices also depend on the size of global finance, as well as local price discovery mechanisms. BTC has traded at a premium based on LocalBitcoins deals, especi…

This article appeared first on Cryptovest

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