Binance Co-Founder CZ Set for Release, what's the market's impact?

[The Cryptovator]

No doubts CZ has an important role in the crypto industry, we can't ignore his contribution to this sector. But he doesn't try to influence the market directly, like Elon Musk. So I don't expect a significant impact on the market on the CZ release. It's true there would be positive vibes on the market, and BNB would move up sometimes. But not expecting any major movements. Just investors will be on a positive mind and may start buying. Definitely, we need his contribution to the crypto development section because he is one of the masterminds to adapt Bitcoin and cryptocurrency. 

[Nwada001]

I don't really see why it would have any impact. Probably not even on the coins backed by Binance, given that CZ is now perma-banned from managing Binance. I'd expect him to just launch another coin/exchange platform and put everything behind him at this point.

Launching another coin and other crypto-related projects will be a good one since he already has the knowledge, but I don't think it will be a good idea for him to venture into starting up a new exchange considering how he left Binance; the fed might still come after him. 
 
Also, starting up another exchange will definitely cause some customers diversification, especially when they know who is behind the new exchange. He is good at what he does; it won't take him time to get as many followers as possible if he starts up one.

[Ojima-ojo]

Sometimes even the smallest news can make significant impact on the bitcoin market, and even as CZ is a notable personality in the cryptocurrency market, his return to freedom is going to spike some positive celebration among his fan, and others who may have gained from all his contributions to the entire cryptocurrency market.


I never thought that his freedom will come this soon, I thought he was going to serve longer than this and if the News of his release is true, this will mean a lot flr his career since he hinted on diving into new project's now that is off from the herms of affairs at binance.

[Z-tight]

There is no need to give cz any attention anymore, he is no longer CEO of binance and after his release i don't think he will be active in the crypto industry. If you are looking for something that will have an impact on the market, look for something else, so many people do not even know he will soon be released, i actually forgot myself and your post drew my attention back to it, there is no way his release can influence the market.

[freedomgo]

Sometimes even the smallest news can make significant impact on the bitcoin market, and even as CZ is a notable personality in the cryptocurrency market, his return to freedom is going to spike some positive celebration among his fan, and others who may have gained from all his contributions to the entire cryptocurrency market.

He’s the founder of Binance, so he should definitely be considered one of the pillars of crypto. We all know that sometimes it's all about politics, which is likely why he got sanctioned so heavily, costing him a lot since he’s no longer the CEO of Binance. But even with that, he still has a big share in BNB, so he’ll definitely still enjoy his life even if he’s not running Binance anymore.

Even though he’s technically not in control on paper, I believe he still has a lot of influence over Binance. ***

I never thought that his freedom will come this soon, I thought he was going to serve longer than this and if the News of his release is true, this will mean a lot flr his career since he hinted on diving into new project's now that is off from the herms of affairs at binance.

Yeah, that's the thing, it's like people aren't excited, or maybe it's just not that significant anymore. Well, you're right, he can start a new project since he has the funds to get it going, and of course, the knowledge too. So, let's just wait and see. Hopefully, he takes time to enjoy first because he lost a lot in his life (power), so it's better to relax, reflect, and then come back stronger.

[NotATether]

Why are you posting this so many days before CZ is released? It's not going to do anything.

His ties with Binance are now cut, permanently, so we will most likely see him start venture projects outside of cryptocurrency and/or invest in some startups. That's not to say that he's fallen out of love with crypto or anything, but rather something he said himself in a quote. (But how exactly did reporters manage to get this from him, from prison?)

[Z-tight]

He’s the founder of Binance, so he should definitely be considered one of the pillars of crypto. We all know that sometimes it's all about politics, which is likely why he got sanctioned so heavily, costing him a lot since he’s no longer the CEO of Binance.

I know cz has a lot of 'followers', but i don't think i'll consider him a 'pillar' in the industry, whatever that means, yeah binance offers an important service in the industry, but for cz it was all about how they can make money, not that he cared about crypto as many people believe. Binance was sanction and he went to jail, not because of politics, but because of sanction violation, violating other laws relating to AML and license, all because they wanted to make more money.

[Ojima-ojo]

Sometimes even the smallest news can make significant impact on the bitcoin market, and even as CZ is a notable personality in the cryptocurrency market, his return to freedom is going to spike some positive celebration among his fan, and others who may have gained from all his contributions to the entire cryptocurrency market.

He’s the founder of Binance, so he should definitely be considered one of the pillars of crypto. We all know that sometimes it's all about politics, which is likely why he got sanctioned so heavily, costing him a lot since he’s no longer the CEO of Binance. But even with that, he still has a big share in BNB, so he’ll definitely still enjoy his life even if he’s not running Binance anymore.

Even though he’s technically not in control on paper, I believe he still has a lot of influence over Binance. ***

I never thought that his freedom will come this soon, I thought he was going to serve longer than this and if the News of his release is true, this will mean a lot flr his career since he hinted on diving into new project's now that is off from the herms of affairs at binance.

Yeah, that's the thing, it's like people aren't excited, or maybe it's just not that significant anymore. Well, you're right, he can start a new project since he has the funds to get it going, and of course, the knowledge too. So, let's just wait and see. Hopefully, he takes time to enjoy first because he lost a lot in his life (power), so it's better to relax, reflect, and then come back stronger.

Many times some of this rich business whale's will never rest, and even while in prison he may have hard enough rest since behind bars, his activities are greatly restricted and at that whatever will be an extra stress he may have wind that up while behind bars, and also let watch to see what he come up with next and how he intends to resume back into the official market, in trying to recover all that he may have lost.

CZ is a strong person and haven't worked to build binancyfrom stretch to this point is somewhat a great achievement for him and continuing on other projects as promised is most welcome for him going forward, so let see what comes next from his release.

[goldkingcoiner]

I came across this article, and it says:

Changpeng Zhao, co-founder of Binance, is set to be released from US custody on Sept. 29, according to the US Federal Bureau of Prisons website.
Zhao is currently serving a four-month sentence and was recently transferred to the Long Beach Residential Reentry Management (RRM) facility in central California.

We all know about the issues surrounding CZ, but for those who haven’t been keeping up, you can check the article for the full details.

So, based on this news, what do you guys think? Will his release affect the market? Do you think we’ll see a market dump or a market pump?

I think he is still not worth my time nor attention. I am still not using Binance.

[dkbit98]

I don't see any market changes connected with him, he agreed to keep his mouth shut and serve few months in prison.
CZ signed a special deal with US authorities and I think that he can't speak anything about crypto in public anymore, at least not while residing in US.
He is not in control of Binance exchange, he had to turn control to different government agencies (in and out of US), so Binance is now one big honeypot service.

[Rikafip]

CZ is a strong person and haven't worked to build binancyfrom stretch to this point is somewhat a great achievement for him and continuing on other projects as promised is most welcome for him going forward, so let see what comes next from his release.

I think I read somewhere that he plans to launch some sort of crypto educational platform which will be an interesting thing if it turns out to be true as for exmaple he advised people to store crypto on centralized exchanges and not in their own wallets. So yeah, imagine getting educated by someone like him.

He is not in control of Binance exchange, he had to turn control to different government agencies (in and out of US), so Binance is now one big honeypot service.

Maybe Binance was that from the beginning, but just for someone else, like the Chinese.  

[Botnake]

Money really changes everything. When he was jailed, this hit the headlines:

https://cointelegraph.com/news/binance-sued-canada-cz-serve-36-months-prison-law-decoded

Binance founder Changpeng “CZ” Zhao was supposed to serve 36 months in prison for violating anti-money laundering laws, according to U.S. prosecutors.

But after paying a $50 million fine, that sentence got cut down to just 4 months. CZ is seriously loaded. Based on my research, even though he’s officially banned from running Binance, he still holds 90% of the company’s shares, so his influence is huge. Honestly, no matter how you look at it, CZ’s presence at Binance is still there, just not on paper.