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CZ Says Crypto Adoption Is Still Below 1%, Leaving Significant Room for Growth

CZ Says Crypto Adoption Is Still Below 1%, Leaving Significant Room for Growth

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Photo: Lee Young-min
Photo: Lee Young-min

Binance founder Changpeng Zhao, better known as CZ, said the cryptocurrency industry still has substantial room to grow because adoption remains below 1%.

BlockBeats reported on July 17 that Zhao said on a recent podcast many people still view crypto as a speculative investment and focus on when to exit the market. But crypto and blockchain are fundamentally infrastructure technologies and should not be understood only through the lens of short-term price moves, he said.

Zhao named blockchain, alongside the internet and artificial intelligence, as one of the three major infrastructure technologies he has experienced. Measured against total…

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