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Dec. 20, 2018

Changpeng Zhao, Binance’s CEO, considered 2018 a “correction year” for cryptocurrencies — Bitcoin, for example, is down 80% from its all time high — and expressed confidence concerning the crypto industry future in an interview with Bloomberg.

“I think that people in the industry are still very confident about the future.”

According to Binance’s CEO the underlying blockchain technology is here to stay.

Zhao noted that although “[crypto] price is a very strong attraction for speculators” the industry will grow due to individuals and companies carrying out “real use” applications. That’s what will drive the adoption of cryptocurrencies in the long term.

“That’s happening regardless of whether the price moves.”

Zhao’s positive outlook is not an isolated case — and 2019 might be setting itself to be an interesting time for Bitcoin, other cryptocurrencies and the blockchain technology.

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