CZ Stands Firm: Banks Can Go Bankrupt, Crypto is Here to Stay
Binance founder Changpeng Zhao, also known as CZ, has expressed his confidence in cryptocurrency over traditional banking systems.
In a recent statement, CZ said that banks could go bankrupt, which is where the term comes from. He reaffirmed his preference for crypto.
This reflects a broader philosophy that has shaped Zhao's views since the early days of Bitcoin and blockchain technology.