Zhao Denies Tweeting Up Crypto Markets

Binance founder Changpeng Zhao has addressed speculation that his tweets move crypto markets. The short answer is no, he claims.

Zhao explained that he tweets bullish content five to ten times daily and had no advance knowledge of Trump's speech. He adapted a quote about taking action today to build a better future into crypto commentary while on the road.

The timing of his tweet coincided with a 20% Bitcoin rally, but Zhao called it coincidence rather than insider timing. If he had known about the speech, he would not have made that tweet.