Post
Topic
Board Trading Discussion
Re: What happens If Binance Exchange Flee Away like FTX
by
|MINER|
on 08/04/2023, 22:30:30 UTC
I was thinking that FTX was a complete disaster and it made a very bad Impact on crypto industry too. As I personally believe Binance more than any exchange and that case might be with you. So I was saying that If Binance flee away like FTX than what will happen. As Binance currently holds more than 60 billions of dollars and that's to much money. And I cannot believe if all money might gone than Bitcoin might come to 10000 dollars. Let's hope for good and what are your thoughts in this.
There is no doubt in that the whole crypto market will badly effect,  If Binance ever collapses, it will take many other projects with it. As the crypto market turned downish after the ftx exchanger crash, of course Binance will be more affected if something like this happens. However, regardless of the impact, the market will recover over time and Binance place will be replaced by another exchange. I did not talk about how much the price of Bitcoin will come, because no one can say anything with a guarantee about the market. What ever, hopefully nothing like this will happen otherwise many people will be on street .