Post #3092

Crypto total market cap is $2.3T, and CZ alone has a net worth of $80B. That’s roughly 3.5% of the entire crypto industry’s net worth in the hands of one person ( thay too in crypto) Owning 3.5% of the total supply of Bitcoin, Ethereum, or even Solana isn’t normal, that’s GOD level dominance. And here, one individual effectively owns 3.5% of the whole industry. But the story doesn’t end here. Binance is responsible for around $160B in user funds custody. Not saying this belongs to Binance itself, but indirectly and effectively, those funds are controlled by Binance. So in total, more than 10% of the entire industry’s mc is effectively under CZ’s control. That’s scary.