Today at noon, I had lunch with a friend, and we inevitably discussed the crypto world, especially CZ. To be honest, this guy's influence in the crypto world is truly impressive. Just look at the recent Ethereum situation; Bybit was hacked for over 500,000 Ethereum, and as soon as rumors of the hacker destroying the coins came out, the market exploded. Then CZ casually became active on X, and low-end coins were flying everywhere, even BNB was climbing up. I was just thinking, how does this guy's words carry such power?
Back in the day, when CZ was still the captain of Binance, he could tweet anything and the market would react as if it had been injected with adrenaline. I remember in 2023 when he mentioned Travala, that small coin shot up like a rocket, and retail investors rushed in like crazy. Recently, it's been similar; he talked about 'experiencing the low-end coins', and as a result, BNB touched over 670 last night, trading volume surged, and it was several billion dollars more than usual. A friend of mine joked, 'Whenever CZ speaks, our wallets tremble.' It may sound crass, but there's some truth to it; his influence is indeed substantial.
That said, CZ's influence isn't just about making calls. He created BSC, which is a genuine ecosystem. Initially, Ethereum's fees were ridiculously high, making it unaffordable for retail investors, so CZ launched a 'low-cost, high-speed' BSC, directly seizing the windfall of DeFi and low-end coins. Now that Bybit has encountered problems, he is becoming active again, and BSC's on-chain trading volume has been warming up these days; I see data approaching 10 billion dollars. Some people on X criticize him for 'reviving BSC on the backs of retail investors', which sounds harsh, but it must be acknowledged that CZ indeed has the ability to attract traffic to his territory.
He's an interesting person and knows how to connect with the community. Just yesterday, he replied to a netizen on X saying, 'Get to bed early, health comes first,' making him seem like the friendly neighbor. But sometimes, the topics he promotes, like life sciences, can feel quite profound and enigmatic. The result? The community is polarized; some call him the 'savior of the crypto world', while others insult him as the 'master of cutting retail investors'. In my view, his influence is deep, but it also depends on the market sentiment. Last year, when he questioned meme coins, the community exploded with criticism, and BNB also fell for several days. What does this show? No matter how powerful he is, he can't go against market emotions.
Speaking of Bitcoin and Ethereum, CZ's influence isn't negligible. When he speaks, Bitcoin can fluctuate 15% in the short term, and Ethereum follows suit. Like last night, Ethereum shot up to around 2790, and I thought it was about to break its previous high, but when CZ stopped commenting, the market cooled down, and today it hovered around 2745. If he were to shout again, I bet it could push up a bit more. But this guy is now talking about AI and biotechnology, which makes me a bit confused: is he playing with coins or playing with the future?
Thinking about it is quite poignant; since CZ left Binance, he remains a key figure in this circle. BNB has climbed back from its lows, and the user base has grown from 200 million to 250 million, with his personal brand playing a significant role. But I'm also wondering, how long can this influence last? BSC is currently supported by him, but Solana has strong technology and an active community. If one day he really fades out, can Binance still be this robust? A friend of mine said, 'As long as CZ is around, there's hope for the crypto world.' It sounds exaggerated, but there is some truth to it.
Last night, I was staring at the market; Bitcoin was stable around 96100, Ethereum was holding at 2745, and BNB was swaying around 664. I was pondering: what will CZ do next? Will he continue to promote low-end coins, or will he come up with something new? Brother, what do you think about this? Why don't we guess together what rhythm his next tweet will bring?