Binance CEO Changpeng Zhao: Bitcoin Still in a Good Position After 70% Fall.

The founder and CEO at the world’s biggest crypto exchange Binance, Changpeng Zhao, has said that bitcoin is still in a positive position after its 70 percent fall since early 2018, especially considering its massive rise throughout 2017.

In 2017, the price of bitcoin and altcoins increased more than 2000% which took the attention of many investors into cryptocurrency in the public market

In an interview with Bianca Chen, a cryptocurrency researcher, Switzerland, CZ said that the cryptocurrency sector is still in a better position in terms of infrastructure, volume, price as compared to a year ago.

“Just checked, btc price was $2500 a year ago, today $6800. Trading volume for btc was 780m a year ago, today is 3.4b. There you go,” CZ said.