Recently, many people have been discussing that if Binance really collapses, will the cryptocurrency world completely collapse?
Let’s talk about the conclusion first. It’s definitely impossible.
Because in the blockchain industry, the core of the currency circle is Bitcoin rather than Binance. Let’s not say whether the SEC can bring down Binance. Let’s take a step back and assume that the SEC can bring down Binance. Then The entire currency circle is bound to go through a wave of major purges, even the most brutal purge in history, but this circle will still survive, and it will survive healthier, and at the same time, the next Binance will emerge.
Why do you say that?
Because the core of Binance is Bitcoin, think about this question, as long as Bitcoin exists, the cryptocurrency world will not be ruined.
Why do various countries allow the existence of Bitcoin?
In fact, in the past ten years since the birth of Bitcoin, governments around the world have tried various means to contain and eliminate Bitcoin. What is the final result? Bitcoin cannot be eliminated. If it cannot be killed, it will only make it stronger. Since it cannot be eliminated, it can only coexist.
What is the reason why it cannot be eliminated?
It is because it is the ultimate decentralized product. Unless the earth is destroyed, no one can defeat Bitcoin. Binance is just the opposite. It is the ultimate centralized product.
It is an irony in itself that a circle that pursues decentralization has instead created a centralized behemoth, but these things are the inevitable products of the development stage of things.
The current scale of Webs3 is still too small. For ordinary people to enter Web3 and the cryptocurrency circle, they need to go through a low-threshold centralized exchange to deposit and withdraw money. This is an inherent traditional thinking of people.
You can’t let newbies create wallets and use decentralized exchanges like Uniswap right away. The threshold is too high for them. So you have to let some people get rich through centralized means first, and then achieve decentralization.
With the development of Web3, the opposition between centralization and decentralization will sooner or later become the main contradiction in this circle, and the implementation of supervision has only accelerated this process. In fact, most people have no ill will towards Binance, especially Binance has made an indelible contribution to the development of the entire currency circle, but the first bird to stick its head out will be shot, who made Binance the first? It is actually a good thing to be regulated.
Therefore, you can see that although the market is plummeting now, few old investors are panicking, so every plunge is a good time to enter the market. If you haven't entered the market yet, you can follow us. If there are new developments or opportunities, we will announce them in a timely manner. Interested coin friends can just keep paying attention.