In the wake of a significant drop in gold and silver prices, Binance founder Changpeng Zhao has offered his insights on the future of Bitcoin (CRYPTO: BTC).
On Friday, gold and silver saw a drastic decrease in their prices, with gold plummeting by approximately 15% and silver by nearly 38%. This resulted in a loss of around $15 trillion in combined market value.
This unexpected price drop, referred to as a “black swan” event, has ignited conversations within the crypto community, with many speculating on Bitcoin’s long-term potential in comparison to these physical assets.
Zhao joined the discussion, pointing out that such severe price fluctuations can happen “even with a physical asset, like gold and silver, …Full story available on Benzinga.com
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