Binance CEO CZ pointed out that the current market value of Ethereum is greater than Spotify, GM, BMW, Ferrari and Baidu. Changpeng Zhao added that besides Ethereum, which currently has a market value of $ 73 billion, Binance coin (BNB) is smaller than Ethereum but larger than Xerox.
CZ briefly interprets this comment as “the sectors are changing”.
By comparison, the companies mentioned by CZ have the following market values according to Google.
Spotify – $ 61.61 Billion
General Motors (GM) – $ 59.51 Billion
Baidu – $ 65.04 Billion
Ferrari – $ 36.28 Billion
BMW – $ 47.18 Billion
Xerox – $ 4.48 Billion
Ethereum and Binance Coin (BNB) Have a Bright Future
As CZ pointed out, both Ethereum and BNB have a bright future based on ETH 2.0 and Binance Smart chain potential. In addition, DeFi is consistently accepted as an alternative form of investment. Each of these networks will eventually host many DeFi protocols, and with this, the value of the associated local digital assets will also increase.