Insights from Bybit Founder Ben Zhou on Crypto Education and Bitcoin's Future

Reaching New Heights: Crypto Education at the Monaco Grand Prix

During an exciting interview at the glitzy Formula 1 Grand Prix in Monaco, Bybit’s founder Ben Zhou shared insightful perspectives on the cryptocurrency landscape. With a spotlight on softening the blow of crypto’s complexities, the partnership with Red Bull Racing aims to tap into a fresh audience. “Education is one part. We focus on teaching people why and how crypto is playing a part,” Zhou emphasized, revealing how engaging newcomers is paramount.

Institutional Trust: Learning from the LUNA Debacle

The conversation took a serious turn as Zhou examined the fallout from the Terra (LUNA) collapse, now known as Luna Classic (LUNC). His take? The crypto industry isn’t the only one susceptible to setbacks; it’s a rite of passage for all new industries. “LUNA was not the first kind of collapse that we’ve seen. I think we’ll get over it and gradually move on,” he assured, shedding light on the resilience the community must foster.

Bitcoin’s Enduring Reign in a Shifting Landscape

So, is Bitcoin’s reign set in stone, despite the onslaught of NFTs, DeFi, and the Metaverse? Zhou is optimistic. While he acknowledges the uncertainties ahead, he remains bullish, claiming, “I believe Bitcoin is here to stay for sure. For me, Bitcoin is a store of value. It’s kind of like gold, right? There’s a concrete need for it.” This belief highlights the asset’s foundational role, even amid flashy innovations.

Redistributing Power: Crypto as a Revolutionary Force

In a world where traditional finance is often viewed as a game rigged by a select few, Zhou champions crypto as a means of redistributing power. He passionately claims, “Crypto is really a revolution for the financial system.” This profound statement underlines the potential of digital assets to empower individuals, making financial independence more accessible to the masses.

Bybit’s Expansion: Catering to Traditional Investors

In light of evolving investor needs, Bybit has broadened its offerings by venturing into crypto options trading, allowing users to engage with options and perpetuals via USD Coin (USDC). According to Zhou, this move aims to cater to those investors who find comfort in traditional finance, further integrating the crypto ecosystem with mainstream practices.