Binance is the sole survivor of Top Exchanges. They continue to be doing well and they will in the future too.  All these years Binance has been FUDed for the wrong reasons. However, the crypto community continues to create baseless FUD for no reasons. Also, several conspiracy theories around USDT, USDC and others are as well building up. Those who are not aware of the global crypto economics and its sustainability tend to create FUD and come up with haunting Conspiracy theories.

Hoaxes About Worse Drop in Crypto History

Also, concepts like CZ will create a dump like he did certain things to collapse FTT and FTX, which is a seriously baseless hoax. Further there are statements, which claim that CZ has been doing all this to make BUSD the number 1 is stupid as well.  FUD creators are creating the belief that CZ can create the worse drop in crypto history as though CZ rules the crypto world.  However, even if he does, he would not want to burn the city to become the king of ashes.

In practical terms, CZ would to prefer and would keep the crypto world alive to keep the business going perpetually.  The idea of CZ destructing or creating the cryptocurrency space is absurdity. The reality is that Binance contributes in a great way to keep the crypto world alive.

Binance Top Holder of USDT Not True

Some dramatic theories are that Binance is the top holder of USDT; however, in reality, Tether is the top holder of USDT.

Spelling Doom for Cryptocurrency Exchanges – Not Really 

There are opinions like, “In 5-10 years, trading on centralized exchanges will become extinct, you will be able to exchange crypto at any bank by then. CZ Binance’s empire will collapse in a big scandal, CMC will follow route and all their hypocrite manipulation will be exposed. Use a DEX!”

Those who are trying to grab attention talking negative things try to pick up big names like CZ to become famous.

Global Crypto Economics – Try to Understand It

If anyone is asking for some direction on the best cryptocurrency to buy, the most ideal answer will be to ask them to perform their own research – DYOR.  While the idea of “go figure it yourself” can be a bit rude, DYOR is meaningless for most people, who ultimately rely on some influencer to do it for them.  Newbies; however, are going ahead to buy cryptocurrency.

Anyone who is creating FUD in the market need to understand the market.  Markets rise and fall. Nothing will cripple the cryptocurrency space forever.  Multiple exchanges, blockchains, wallets, etc will co-exist in the ecosystem.  It is important to spend some time to get some understanding of the crypto economics and its sustainability. High time users stop believing all these conspiracy theories about Tether or Binance.