Famous Turkish economist Erkan Oz interviewed the CEO of Binance, Changpeng Zhao!

Renowned economist Erkan Oz interviewed Changpeng Zhao (CZ), CEO of Binance, the world's largest cryptocurrency exchange. In an interview published in Hurriyet, Zhao states that Bitcoin is a better investment vehicle than gold.

The CEO of the cryptocurrency exchange, which has an average daily trading volume of $ 750 million, says people are turning to gold after economic uncertainties in global markets emerged, but gold has been replaced by Bitcoin, the so-called digital gold. During the interview, Zhao made some striking statements:

"Gold is a more secure value storage tool for investors to hedge the risks in their portfolios. Now people have a better investment vehicle than gold. Interest in cryptocurrencies and the increase in the price of Bitcoin coincide with (significant) movements in world markets. Which suggests to us that Bitcoin is really replacing gold or turning into digital gold.”

Renowned economist Erkan Oz interviewed Changpeng Zhao (CZ), CEO of Binance, the world's largest cryptocurrency exchange. In an interview published in Hurriyet, Zhao states that Bitcoin is a better investment vehicle than gold. The CEO of the cryptocurrency exchange, which has an average daily trading volume of $ 750 million, says people are turning to gold after economic uncertainties in global markets emerged, but gold has been replaced by Bitcoin, the so-called digital gold. During the interview, Zhao made some striking statements: "Gold is a more secure value storage tool for investors to hedge the risks in their portfolios. Now people have a better investment vehicle than gold. Interest in cryptocurrencies and the increase in the price of Bitcoin coincide with (significant) movements in world markets. Which suggests to us that Bitcoin is really replacing gold or turning into digital gold.” Zhao stresses that a similar situation has been seen in the rise in Bitcoin trading volumes with the British pound after the Brexit controversy flared up. According to the CEO of Binance, this can be seen in other major events that will affect global markets. In his remarks, Zhao said:: “We think that fixed digital currencies change world economies and play a relatively important role for the cryptocurrency community because they act as a middle (bridge) between fiat currencies and cryptocurrencies (based solely on the will of the states).”

The total market value of Bitcoin, the largest cryptocurrency at the time of writing, stood at $ 186.9 billion, while it was trading at $ 10,430, down 0.5 percent.