Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made a statement and conducted interesting surveys on what users have experienced in the market so far and commented on the results.
Zhao first asked his followers if they had made a profit from memecoins, and reached 121,000 voters out of a total of 9.5 million followers. 44% of the users said they had lost money on memecoins, while 33% voted that they had made a profit from memecoins. The remaining users voted that they had not purchased any memecoins so far.
Afterwards, 39 thousand people voted for the question of whether they had made a profit from Bitcoin. 50.4% of them stated that they had made money from BTC ($104,786.10), 23% said they had lost money, and the remaining users shared that they had never bought BTC before.
In his third survey, Zhao asked users if they had ever made a profit from NFTs, and the most dramatic results came in this survey. Only 15% of users said they had made a profit from NFTs, while 36% said they had lost money, and a majority of 48% said they had never purchased an NFT ($0.00).
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Finally, Zhao asked his followers the same question about BNB ($685.29) and the survey concluded that 31% made a profit, 27% made a loss. 41% said they had never bought BNB.
Zhao, who evaluated the survey results, admitted that the results could be biased because his followers are already interested in cryptocurrencies. He attributed the fact that there are so many people making profits in Bitcoin to the fact that the BTC price is near an all-time high.
*This is not investment advice.
Continue Reading: Binance Founder CZ Asked His Followers: Did They Profit or Lose from Bitcoin, BNB and Memecoins?