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Binance Owner: “After 20 years, the adoption of cryptocurrencies will reach 80-90%”
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Binance Owner: “After 20 years, the adoption of cryptocurrencies will reach 80-90%”

Recently, the owner of the largest cryptocurrency exchange Binance held a master class on cryptocurrencies, in which he spoke about the state of affairs in the world and shared his thoughts on the future of digital assets.

The most interesting quotes were posted on the official Binance website.

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Changpeng Zhao spoke about the adoption of cryptocurrencies and the introduction of digital assets into means of payment in the future. In his opinion, this process will be quite strong and tangible, and in 20 years, according to the owner of Binance, about 80-90% of payment means will consist of cryptocurrency transactions:

In the long term, we will see the massive adoption of cryptocurrencies. In 20 years, implementation will reach 80-90%.

Among other interesting things, Changpeng Zhao also once again noted how important it is to comply with risk management. He said that high returns always come with big risks:

Do your own research, don't put all your eggs in one basket, especially if it's high returns. High returns always mean high risk.

We also talked about this in our blog about security and risk reduction if you are investing or trading cryptocurrencies. If you missed our material, we invite you to familiarize yourself with it.

Security in Cryptography. How and why?
Security in Cryptography. How and why?
Telling about ways to protect yourself from various kinds of risks in different sectors of digital assets.
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Zhao also talked about how it would be right to understand how big the risk of an investor building a portfolio or a trader entering a trade is:

How to measure risk? Look, at worst, if your investment drops to zero, your life will still be fine. If your answer is no and it will affect your life, then you have invested too much. You need to reduce the size of your portfolio.

It is worth noting that many people who have a huge income from cryptocurrencies have also made a big sacrifice at one time, but still recommend investors not to do such things. Changpeng Zhao is famous for selling his car and apartment in the early days of bitcoin in order to invest in the main cryptocurrency. So he got a lot of money, which was enough to open the stock exchange, which became the largest in the world.

Zhao also spoke about decentralization issues. Many people argue about which is better - decentralization or centralization. Entering into such debates, crypto enthusiasts are of the opinion that some of this is definitely good, while the other is bad. Changpeng believes that it is not worth dividing into “black and white” in this case:

Decentralization and centralization are not black and white. Many people have a very simplistic view. For example, they say: “Well, if I keep my keys in a wallet, this is decentralized, but if I keep them on an exchange, then this is not so.”

According to the owner of Binance, ordinary people first of all think about other and more important aspects regarding transactions:

Most ordinary people don't think about centralization and decentralization. What they care about is the freedom of transactions, low cost, security and ease of use.

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