The detention of Binance founder Changpeng Zhao has attracted widespread attention around the world. Although some people think that this is just a diversion of US interests in Binance, however, the truth is not as simple as it seems. Binance, the world's largest cryptocurrency platform, poses a serious threat to the dollar's position. This article will gradually delve into all aspects of this event and analyze the deep meaning behind it.
1. Binance's savage growth
Since its inception in 2017, Binance has grown at an astonishing rate. In just a few months, it has generated hundreds of millions in profits. By 2021, its daily turnover has reached hundreds of billions of yuan, even exceeding the combined number of the New York** exchange and the NASDAQ exchange in the United States. Binance's rapid momentum has caused alarm in the United States.
2. The three pillars of US hegemony
U.S. hegemony is built on three pillars: financial, military, and technological. These three are interrelated and indispensable. However, the rise of Binance poses a great threat to the financial hegemony of the United States. If the dollar ceases to be the world's currency, the United States will lose its great levers to hold on global wealth. This will inevitably weaken America's scientific and technological prowess and global military influence. Therefore, in order to maintain its technological and military strength, the United States must ensure the status of the dollar as a world currency.
3. Binance's challenge to the hegemony of the US dollar
Binance, as the world's leading cryptocurrency trading platform, enables countries around the world to settle through cryptocurrencies, bypassing the US dollar. This will allow the dollar to gradually lose its status as a world currency. At present, countries around the world have become dissatisfied with the manipulation of the US dollar, and the rise of cryptocurrencies has further weakened people's dependence on the US dollar. Therefore, if Binance and cryptocurrencies continue to grow rapidly, the US dollar is likely to be replaced.
1. Changpeng Zhao was extradited to the United States
Mr. Zhao voluntarily traveled to the United States in November and paid a fine of more than $4 billion, and under the previous agreement, he would be allowed to leave the United States and return to the United Arab Emirates to await sentencing. However, the United States reversed the previous agreement and detained Changpeng Zhao in the United States.
2. The United States further pursued Changpeng Zhao
In addition to detaining Changpeng Zhao, the United States has begun a more in-depth investigation into him. Changpeng Zhao is likely to face more than 10 years in prison, far beyond the one-year prison sentence promised in the previous agreement. The United States may even use Changpeng Zhao to continue to squeeze him in order to achieve the goal of completely bringing down Binance and propping up its own platform.
3. Changpeng Zhao's dilemma and the calculations of the United States
Changpeng Zhao is now in the United States, losing his freedom, and the United States can use his status to spend time with him. This also shows the U.S. pig-killing strategy, using Changpeng Zhao as a pawn to further pursue its interests.
1. The deep meaning behind the Binance incident
The Binance incident is not only an incident about cryptocurrency trading platforms, but also a game involving the global financial landscape and US hegemony. Binance's rise is challenging the hegemony of the US dollar, while the United States is trying to maintain its hegemony by striking Changpeng Zhao.
2. The future development of cryptocurrencies
With the advancement of technology and the increase in global dissatisfaction with the US dollar, cryptocurrencies are expected to see greater opportunities for growth in the future. However, there are still many problems and risks in the cryptocurrency market, and it is necessary to strengthen regulation and regulation to ensure the healthy development of the market.
3. Enlightenment and reflection on the individual
The Binance incident has brought us a lot of enlightenment, first of all, the dispute in the global financial landscape, the second is the impact of technology on finance, and most importantly, the importance of compliance and the need for supervision. As investors, we should remain vigilant, strengthen risk awareness, and choose legal and compliant investment channels.
The detention of Binance founder Changpeng Zhao by the United States is not just an isolated case, but also reflects the reshaping of the global financial landscape and the challenge to the hegemony of the US dollar. Binance's rise has sparked alarm in the United States, which is trying to assert its hegemony by striking Changpeng Zhao. For us personally, we should strengthen our understanding and supervision of the cryptocurrency market, stay vigilant, choose legal and compliant investment channels, and strengthen our thinking and understanding of the global financial landscape to meet future investment challenges.