Benzinga - Binance CEO Changpeng Zhao, popularly known as "CZ," on Monday, explained why he still uses Bitcoin (CRYPTO: BTC) despite recent BTC network congestion causing two withdrawal halts in the last 24 hours.
What Happened: CZ’s statement came in response to a Twitter account’s suggestion that BTC was unusable and that an alternative such as BSV (CRYPTO: BSV) should be used instead.
CZ acknowledged issues such as fluctuating gas prices, stuck transactions, and rising fees, but reminded users that these were issues during a "bull market." He also noted that BTC transactions remained "faster and cheaper than fiat."
Gas prices fluctuate and go up, transactions get stuck, fees go up, people complain. Bull market issues…