I really am no fan of Binance because I found their KYC annoying. What is not in doubt is that CZ is supposedly one of the most credible faces of crypto. How much harm do you think a Binance implosion would cause Bitcoin? Is the US a big threat to the coin market?
I will give a wired instance, which you might well not understand or you might, but here it is: perhaps you know what the word "wood" is. Yea, if you set up a fire under the sun with some woods and the fire is blazing very well and you decide to put out the fire by pouring water on it, don't forget that the blazing of that fire may stop at that moment and those woods will start smoking, but immediately the water dries up (don't forget that the fire was set under the sun), the smoke will stop, and the fire will begin to blaze again.
That's to say that if Binance, which is very popular, most used, and trusted by many people, collapses, the Bitcoin price can get a bit lower because of the bad news, but that will not last a year before the market can begin to recover again. In crypto, it usually happens that something will cause the market to drop, and another good thing will help it recover.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺