$9,288.20 0.22%
BTC · 5w

“Bitcoin is the peaceful protest,” CZ says as U.S. riot heightens

Advertisement &nbsp &nbsp

As the riot and protest in the United States continues, Binance CEO Changpang “CZ” Zhao says Bitcoin is the peaceful version of the protest. He mentioned this in a Twitter post as the protest is currently the trending issue on crypto Twitter.

The protest has been ongoing for days on end following the death of George Floyd during an arrest by the police. Although it started in Minneapolis, the protest has spread to several other cities with properties being destroyed and businesses looted.

The protest against legacy financial systems

Bitcoin has been considered as a revolutionary form of money and means of transferring value. It is also a means to give back control of money to individuals rather than banks and other middlemen in funds transfer. This is not only true for bitcoin but for all other cryptocurrencies which governments around the world have been battling for years.

Recently, one of America’s leading banks Goldman Sachs said Bitcoin is not a suitable investment asset and advised its clients to stay away from it. This has caused a lot of negative responses as the bank is suspected to be afraid of investors realizing the freedom that Bitcoin brings should they be involved with the asset.

Interestingly, some protesters were seen holding up placards that say “Bitcoin will save us”. Floyd was arrested for allegedly using a counterfeit $20 bill. Some members of crypto Twitter argue that this wouldn’t have happened if Bitcoin was the accepted form of money rather than the U.S Dollar which can be counterfeited.

Financial protest will continue

Although the U.S protest is trending now, the protest for financial freedom will outlast it. Bitcoin has been around for more than 10 years but its journey has just started as it is yet to be accepted as an alternative for the current fiat system although some merchants already accept it as a means of payment. 


Continue on
Recent news
BTC +0.22% · · Now

Bitcoin Optech Newsletter #105

This week’s newsletter summarizes a proposed BIP for BIP32-based path templates and includes our regular sections with the summary of a Bitcoin Core PR Review Club meeting, releases and release candid...
BTC +0.22% · · 19h

Number of Bitcoin "HODLers" Just Eclipsed 20 Million

Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any clear signs of where it is headed next. Since then, its...
BTC +0.22% · · 23h

Tales from the Crypt: #177: Randy Brito

Join Marty as he sits down with Randy Brito, Co-Founder of Locha Mesh and Bitcoin Venezuela, to discuss: - Starting Bitcoin Venezuela - Co-founding Locha Mesh - The importance of mesh networks - How m...