$BNB Changpeng Zhao (CZ), founder of Binance, believes that the fusion of traditional financial markets and cryptocurrencies, through companies with bitcoin reserves and the tokenization of real-world assets (RWA), is very positive for the cryptocurrency ecosystem.
The key points he mentioned are:
- Greater access to institutional capital: Public companies that have bitcoin on their balance sheets and cryptocurrency ETFs allow large institutions, which manage most of the money, to invest in this space.
- Acceleration of tokenization: More and more real-world assets such as Treasury bonds, real estate, and even personal income are being tokenized, attracting billions of dollars into the cryptocurrency market.
- Persistent risks: CZ warns that not all companies with cryptocurrency reserves will survive, especially in bear markets. Companies and investors must be cautious and understand that some may fail.
- Impact on volatility: In the long term, a greater influx of capital should reduce the overall volatility of cryptocurrencies, as a larger market is more stable. However, in the short term, speculation in stock markets could cause more fluctuations.
CZ sees this convergence as "fantastic," but emphasizes the importance of being cautious and assessing risks, as not all companies that follow this strategy will succeed.