Cryptocurrencies
Binance's Venture Fund Head Is Waiting for ICO Bubble to Burst
- Crypto trading platform plans $1 billion in investments
- Ella Zhang says good projects will emerge from the carnage
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Ella Zhang is in charge of investing $1 billion in blockchain-related businesses, yet her view on the market isn’t too rosy.
“We’d like the bubble to break,” said Zhang, who joined cryptocurrency trading platform Binance to lead its venture incubator Binance Labs less than two months ago. “We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”