Changpeng Zhao, known on X as @cz_binance, said banks can indeed go bankrupt and noted that this idea is embedded in the origin of the word “bankrupt.” He added that he still prefers cryptocurrencies. The comment, cited by Techub News, echoes a long-running view among crypto supporters that the traditional financial system is structurally fragile and that decentralized assets offer an alternative.
The input also ties Zhao’s remark to earlier liquidity crises at several U.S. banks, which raised market concern over the stability of centralized financial institutions. No additional details were provided on the specific banks or timing. The statement was presented as a brief market analysis item rather than a longer report.
Techub News reported that Changpeng Zhao, posting via @cz_binance, said banks can indeed go bankrupt, adding that the origin of the word “bankrupt” itself reflects that reality. He also said he still prefers cryptocurrencies.
The remark reflects a longstanding critique from crypto advocates about the fragility of the traditional financial system and highlights the perceived alternative value of decentralized assets. The input also noted that several U.S. banks had previously faced liquidity crises, which stirred market concerns about the stability of centralized financial institutions.
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