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@NTmoney posted a short case for $BNB. I agree that everyone should be careful shorting crypto right now, but especially careful shorting $BNB.
Here's the tweet by tweet rebuttal:
Here's the tweet by tweet rebuttal:
Regulatory arbitrage has been their advantage and will continue to be their advantage for as long as countries have regulations barriers for crypto exchanges
It's commonly stated that DEX's failed to take off because of poor UI/UX, but friction heavy UX is an inherent result of DEX's self-custody feature. CEXs will always have the huge advantage of not requiring hardware wallet/Metamask to trade.
Since when are centralized systems not able to accrue value? The vast majority of the world's value still lies in centralized systems.
@cz_binance would disagree on your last point. Very few exchanges have the same performance & security capabilities
@cz_binance would disagree on your last point. Very few exchanges have the same performance & security capabilities
Increasing market share is not the only mechanism in which Binance can grow. What happens if volume goes back to the same levels as early 2018? What if its larger? $BNB is a bet on crypto with limited ideosyncratic risk
Fiat onramps being added at breakneck pace - see @Binance in APAC, LatAm & Europe.
Most institutional investors in crypto are already trading on Binance - likely more than on any other exchange. That's why it trades multiples more volume than others
Most institutional investors in crypto are already trading on Binance - likely more than on any other exchange. That's why it trades multiples more volume than others
$BNB has and will accrue billions of value even without a DEX because CEXs will continue to stay on top. The DEX play is just a cherry on top.
$BNB (and other non-equity assets) have value outside of "belief". The value accruing utility features of $BNB include: Trading discounts, IEO privileges, referral bonus benefits, merchant acceptable, etc.
As with any cryptoasset, $BNB has a chance to plummet, but there is also a strong chance of the price multiplying in value. @multicoincap has a great bull thesis that I would recommend reading up on.
