Binance Founder CZ: Denies Ability to Influence Overall Crypto Market

Binance founder CZ stated on the program When Shift Happens that he remains bullish on Bitcoin but denies having the ability to influence the price of the entire crypto market.

On August 19, when Bitcoin was around $60,000, he posted that if one wants their future self to thank them for today's decisions in two years, they should act immediately. This post was interpreted as a buy signal, and the crypto market subsequently rose by about 20% over the following days. He responded that almost every post he makes is bullish, and he may post 5 to 10 times a day, with one post coincidentally appearing before a positive market movement being unsurprising.

He noted that about 5 hours after his post, Trump made a positive speech about crypto and mentioned pushing Hyperliquid into the U.S. market, of which he was not aware beforehand. If he had information that could influence the market, he would not post about it, so the price increase was merely a coincidence in timing. On the same day, the White House met with industry and regulatory figures, and Trump stated that the chairman of the Commodity Futures Trading Commission was facilitating the compliant entry of the perpetual platform, leading to a surge in HYPE and Bitcoin rising from around $64,000 to above $70,000 in subsequent trading days.