If there’s one thing that the crypto community can agree upon, it’s the fact that massive adoption is needed in order to spur forward the wheels of progress. However, it’s not as simple as some might think. First, there’s the issue of a somewhat murky reputation. After the whole Silk Road debacle, some are reticent to get into cryptocurrency because they view it as a somewhat nebulous enterprise. Still, others are worried that their investments will fail, especially after hearing tales of the crypto bubble bursting back in late 2017.
Some believe that it would be helpful for a powerful face to become attached to crypto—someone who people could look upon as a leader, a person that would drive forward projects as a whole. Essentially, this person would function somewhat as a Mark Zuckerberg. As the chief of Facebook, Zuckerberg stepped forward to become the person most associated with the rise of social media. And whether they love him or hate him, it seems to help social media users to have someone with whom they can associate the industry. Until now, cryptocurrency has been lacking such a leader. The inventor of Bitcoin, known only by the pseudonym Satoshi Nakamoto, has chosen to remain anonymous. Meanwhile, the “usual suspects” of the tech world have seemed reluctant to step up into the role. In fact, Twitter’s Jack Dorsey and Tesla’s Elon Musk seem fairly uninterested with crypto in general.
But now, many believe that a new leader has emerged from the dust. His name is Changpeng Zhao—although he’s more frequently referred to by his initials “CZ”—and he’s the founder of Binance. And he’s generated a lot of trust within the crypto community. While many have remained skeptical about Coinbase, Binance seems to be steeped in the true traditions of crypto—decentralization and innovation. Not only does Binance support projects on its exchanges, but it even goes as far as to invest in them through programs such as Binance Labs. One new project, Contentos, is being widely touted as the answer for paying content creators. Indeed, it would seem that CZ has been making it his mission to promote the development of crypto in a way that will benefit everyone. With a special knack for seeing where the market is moving, as well as a deft touch for leadership in a field that can sometimes be controversial, CZ’s future appears very bright.
