Binance CEO reveals encounter with man tasked to destroy reputation

Binance CEO Changpeng ‘CZ’ Zhao is a polarising figure in the cryptocurrency industry, attracting praise from many for building one of the most successful exchanges while being scrutinised for his unashamedly bullish approach to Bitcoin.

The 43-year-old, whose net worth has now exceeded $1.4 billion, recently revealed how he interviewed a former employee of a rival Chinese exchange.

In doing so he detailed how the former competitor had been tasked with spreading negative information about CZ, notably how the Binance CEO acts as a counter indicator for the price of Bitcoin.

“Just interviewed someone who joined a Chinese exchange that views Binance as a competitor.” CZ wrote on Twitter. “He was put in a team whose only job is to spread the message ‘when CZ is bullish, bitcoin will drop’. He quit after a day.”

He added: “And I am bullish all the time, never a bearish day.”

CZ famously told his 504k followers to “slap themselves” if they sold Bitcoin under $10,000 back in August only for the world’s largest cryptocurrency to lose more than 50% of its value in the subsequent six months.

He does however remain defiant in his view that cryptocurrencies will enjoy another bull market in 2020 after alluding to the Bitcoin halving as a catalyst on multiple occasions.

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