CZ isn't another Musk
Yeah, there you have it!
But it's not surprising that CZ didn't end up finishing the deal, this isn't the first time he's done that and probably not going to be the last. Binance agreed to help FTX and Fried on Tuesday by acquiring FTX.com. A lot of people had pointed hands at CZ as being the mastermind behind the whole charade after his tweet which stated that his exchange would sell its holdings of FTX’s FTT token, withdrawal requests from SBF’s platform intensified and this also lead to the recent crash of the whole Crypto market as users went scrambling for safety.
A lot more people had expected him to finish the deal and be in total control of the 2nd largest trading exchange.
But what happened??
Following his tweet some hours ago,he had made it clear that they'd too many holes for him to salvage from his rival company. Apparently he would have acquired more loss than gain going on with the deal. More mixed reactions start to unfold with FUD being the order of the day. A lot of people are feeling like their nightmare just appeared in front of them like the 11,000 people who got laid off at Meta some few days ago.
But then, are we going to see the market stabilize with time as it's being publicly declared that there's no saving SBF, no saving FTX and definitely no saving the lost of money that'll be lost eventually. We'll just keep watch and pray it gets better, well I'll not just watch, I'll keep playing on Hive since there's a lot to do at the moment.
Do you still think Hive would make it to $1 before the year runs out?
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