Cryptocurrency Growth Needs Entrepreneurs and Projects, Not ETFs.-CZ
Changpeng Zhao, CEO of Binance and fondly called by the crypto community as "CZ" recently commented that he doesn't think that ETF's (Exchange Traded Funds) are essential to the growth of the entire crypto industry. Coming from his first broadcast at Periscope saying that
“I think for our industry to grow we need more entrepreneurs to build real projects.” -CZ
Now most of the industry experts are waiting for the big money from institutional players investing through ETF's. There is a much anticipated ETF's in the US that could possibly trigger massive crypto prices rally. With his contrarian view on this matter, CZ may have a point in hand as long term growth actually should come from real world based projects, not just on the volatility of the market price.
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