The Binance co-founder said the decision to invest in the social media platform X was primarily driven by a principled stand on free speech.
Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech.
The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said:
“So, when we invested in Twitter back then, it was based on that philosophy,” Zhao continued.
