Binance Founder CZ Encourages Crypto Holders While Wells Fargo Buys Bitcoin
Last week Wells Fargo begun to amass Bitcoin (CRYPTO: BTC) in substantial amounts. This development has elicited reactions from the cryptocurrency community, including a response from Changpeng Zhao, the founder of Binance.
Wells Fargo’s decision to purchase large quantities of Bitcoin comes at a time of increasing uncertainty in the wider cryptocurrency market.
In response to this move, Changpeng Zhao, Binance’s founder, has called on traders to remain resilient.
While you were panic selling, U.S. Banks were loading up on bitcoin. 🤷♂️ https://t.co/8Xufs40ZJ8
Zhao pointed out that while many are panic selling, US banks like Wells Fargo are stocking up on Bitcoin. Such significant Bitcoin acquisitions by…
