The king of crypto issues warning: Bitcoin price may get even more volatile

Image source: Binance / Shutterstock

2019-07-15 14:35

Trijo News

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Changpeng Zhao is CEO of the world's biggest crypto exchange Binance. Now he warns that the interest from institutional customers in bitcoin is not as big as many have believed.

Bitcoin has had a really good year, and the price of the world’s largest cryptocurrency has even been close to reaching $14,000.

The reasons for this have been several, but one of the biggest is said to be the increased interest in the cryptocurrency from financial institutions such as banks.

Now comes the information that this interest may be overstated – and the warning comes from one of the crypto industry’s real heavyweights.

CEO of the world’s biggest crypto exchange

Changpeng Zhao is CEO of the world’s biggest crypto exchange Binance, and he believes that no increase in institutional interest has been seen compared to that of the public.

– We have not seen the institutions grow faster. However, both the interest from institutions and the public has grown, he tells Bloomberg.

Binance’s CEO believes that this fact will lead to an even more volatile bitcoin price, Bloomberg reports.

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