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Binance CEO Says Crypto Is The Only Stable Thing During Crisis

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Despite Bitcoin's collapse by 70%, from $69,000 to $20,000, Changpeng Zhao (Binance CEO) stated that 

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Cryptocurrency is "probably" the most stable thing in this dynamic environment.

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Zhao spoke on stage at Web Summit Lisbon. Zhao stated that 

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Although crypto prices can fluctuate if you examine the technology and the fundamentals behind crypto, there is a limited supply.

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He said, "It's been the most stable technology-wise in this turmoil situation."

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Zhao also spoke about the state of crypto regulation following Binance's push for licenses in France, Spain, Bahrain, Abu Dhabi, and other countries

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CZ described the regulators in these territories as "smart" and added, "Actually the U.S. regulators have pretty good."

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