CZ 🔶 BNB (@cz_binance): As a shareholder, I would love for Binance's valuation to increase. But the fact is, Binance's valuation can't increase when crypto prices are down.

As a shareholder, I would love for Binance's valuation to increase. But the fact is, Binance's valuation can't increase when crypto prices are down. It's can't get simpler than that. Stating the obvious: Binance is the largest crypto exchange. It grows and shrinks with the industry. Crypto winter = less trading. Low crypto prices = less trading fees. For this obvious reason, Binance or I will always wish the industry to grow, or more explicitly, all major crypto prices to be high. I/we never short sell, or try to "push the price down". And I work hard to advocate for crypto with many governments even when I don't manage Binance anymore. This is, of course, on top of the fact that I believe the blockchain is a better technology for money. While I appreciate Forbes thinks highly of Binance, Forbes estimating my network increase, based on Binance's valuation increase (recently) is just a bit illogical, at least to me. Lastly, above a certain (fairly low) threshold, more money won't make you happier. There are other more rewarding things in life, like having good health and a loving family, while making the best positive impact you can.