Cryptocurrency markets have been in a very sharp downtrend for the past month. First Terra (LUNA), now Celsius, and Bitcoin became traded at $20,556 as of the writing of this article. Many people say that this process is a “winter season” and it will take a while for the markets to return to their old ways. Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, is one of the names who say that it is winter in the crypto money markets. Namiother CZ…
In an interview, CZ, one of the latest status values in the markets, stated that this winter season is not the first and will not be the last. In fact, according to CZ, this process is happening for the third time for him. Binance, on the other hand, is experiencing the winter season for the second time. But that’s not all bad, according to CZ. It’s even a new opportunity to earn money. So how will the CEO of Binance turn the winter season in the cryptocurrency markets into an advantage?
Binance will recruit staff during the bear season (winter season)
According to the statements made by Binance CEO Changpeng Zhao, the world’s largest cryptocurrency exchange, bear will be recruiting as the season continues. Saying that this will be a very good preparation for the bull market, CZ states that everyone is interested in their own project during the bull season, and that they are paid very funny money in this process. CZ’s plan is to sell trained staff cheap.
As a matter of fact, CZ has some valid points in his statements. However, the problem is that there is a general recession in the cryptocurrency sector, as in other sectors. Companies don’t hire new hires. In fact, companies like Crypto.com and BlockFi have shrunk by 5 percent. It is a matter of curiosity how CZ will take a step in this apparent state…
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