Monday, April 12, 2021

CEO of OKEx Jay Hao Taunts CZ Binance over His Bullish Sentiment about Bitcoin Price

The CEO of OKEx exchange, Jay Hao has recently taunted the CEO of Binance exchange, CZ (Changpeng Zhao) over his bullish sentiment about Bitcoin price some hours ago.

About two days ago, Herald Sheets reported that CZ blocked Jay Hao from his followers’ list on Twitter, after giving him a piece of advice on how to subsequently solve or resist the cause of Binance’s latest system pause.

CZ’s Bullish Sentiment about Bitcoin Price

Some hours ago, CZ made a bullish comment about Bitcoin (BTC) price trend after the digital currency surpassed $9,000 price level.

CZ Binance shared this, “Doesn’t feel like we will hang around 9000 for long. What’s happened recently are not just announcement of announcements. They’re seismical shifts.”

Jay Hao Reacts to CZ’s Bullish Sentiment

In response to the tweet, Jay Hao suggested that crypto exchanges are supposed to be unbiased with the price trend of cryptocurrencies in the market.

He said the trading service providers are meant not to give much advice on the price. He added that CZ’s sentiment could make some users lose their funds if the price fails to trend according to his bullish sentiment.

“Well, I have to repeat myself that exchanges should be unbiased and not to give much advice on the price. We’re trading service providers. Giving hint on either direction (long/short) would cause the rest users to lose fund, and I think that’s pretty irresponsible,” Jay Hao shared.

Cryptocurrency Community Members Hit Back at Jay Hao’s Hypocrisy

Some cryptocurrency community members, who reacted to Jay Hao’s criticism exposed OKEx’s past comments that align with CZ’s sentiment.

A Twitter user, Philip Arthur Moore showed his discontentment in Jay’s criticism. He said such an attitude has been dissuading him from trading on the OKEx exchange.

He shared this, “Fix your own house. You’re obsessed with that man. It’s keeping people like me from wanting to trade on your exchange.”

To further hit back at Jay Hao, a popular cryptocurrency pundit, CryptoGainz compared an opinion shared by the CEO of OKEx regarding the positive trend and analysis of the price of OKB coin in the market.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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