It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. He is the most prominent cryptocurrency exchange in the globe, while El Salvador has become the first country to recognize bitcoin as legal tender. According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.”
Hoy llegó a El Salvador el CEO y fundador de @BinanceES, Changpeng Zhao (@cz_binance), junto a otros empresarios, quienes están interesados en conocer las posibilidades de inversión, en el primer país del mundo que adoptó el #Bitcoin como moneda de curso legal. 🇸🇻 pic.twitter.com/XBYVwyZ8Dd
— Secretaría de Comunicaciones 🇸🇻 (@ComunicacionSV) March 23, 2022
Changpeng Zhao will meet President Bukele. Reuters created quite a stir when they attempted to guess.
Related Reading | Binance’s CZ Wants Entrepreneurs To Create Coins. Do His Arguments Make Sense
What Did Reuters Say About Binance ’s CEO Visit To El Salvador?
Reuters says it is “very good.” CZ is visiting El Salvadorthey could assist with the issuing of volcano bonds. They said, literally:
“El Salvador is seeking support from cryptocurrency exchange Binance for its implementation of bitcoin as legal tender and the issuance of bitcoin bonds, the Central American country’s ambassador to the United States said on Wednesday.”
Is that what he’s here about, though? In the closest source we found, EFE quotes Mayorga telling “local media,” “We need businessmen his stature to support the issue of subscription to the volcano bonds.” In the ambassador’s Twitter account, Milena Mayorga welcomes Changpeng Zhao, CEO of Binance, “with the largest cryptocurrency wallet in the world.” Don’t ask.
Hemos dado la bienvenida a Changpeng Zhao @cz_binance, CEO de @binance, con la wallet de criptodivisas más grande del mundo.#LibertadEconómica #Bitcoin🇸🇻 pic.twitter.com/PBExfF2Lwc
— Milena Mayorga (@MilenaMayorga) March 23, 2022
According to Reuters, “Mayorga said Zhao’s visit was a vote of confidence in Bukele’s decision to adopt bitcoin as legal tender last September, as well as its plan to issue bitcoin-backed bonds.” According to her own tweets, they discussed, “strategic projects such as Bitcoin City, Surf City among others, was what we shared with the delegation of investors from Binance and companies.”
Proyectos estratégicos como #BitcoinCity, #SurfCity entre otros, fue lo que compartimos a la delegación de inversionistas de @binance y empresas que nos acompañan en esta 13 misión de negocios. pic.twitter.com/l6TOJNklAm
— Milena Mayorga (@MilenaMayorga) March 24, 2022
Who’s That Dark Figure Behind Binance ’s CEO?
El Salvador will most likely benefit from one of the greatest businessmen in our history. However, who’s that behind him? Could it be…? An anonymous Twitter user provided the needed blown-up photos:
— mutatrum (@mutatrum) March 23, 2022
That’s right, notorious lurker Brock Pierce. Of course, he is one of the “other entrepreneurs.” If you squint, you can also see him in one of Milena Mayorga’s pictures. Let’s remember what our sister site Bitcoinist reported the first time that the EOS creator lied his way into the Presidential Palace:
“Something is rotten in the state of El Salvador. First nation Declare BTC legal tenderBrock Pierce, the notorious Brock Pierce. An “Official Delegation of Bitcoin Ambassadors” reportedly met with President Bukele and other government officials. However, is there such thing as an “official delegation” of a decentralized protocol? No, there isn’t. And the whole Bitcoin community is up in arms about the situation.”
Brock Pierce has returned to San Salvador. Who would’ve thought?
Source: BNB/USD on TradingView.com| Source: BNB/USD on TradingView.com
President Bukele Reacts to the Rumors
In a since-deleted tweet, Bitcoin Magazine echoed Reuters’ take on the nature of Binance CEO’s visit to El Salvador. President Bukele asked them to “please don’t spread Reuters FUD. Bitfinex will issue Bitcoin Volcano Bonds. The short delay in the issuance is only because we are prioritizing internal pension reform and we have to send that to congress before.”
I’m meeting with @cz_binanceTomorrow, we will discuss OTHER topics and not Volcano Bonds.🌋
He won’t buy any, unless he really wants.😉#BitcoinFixed FUD
— Nayib Bukele (@nayibbukele) March 23, 2022
To that, President Bukele added “I’m meeting with Changpeng Zhao tomorrow to discuss OTHER issues, not the Volcano Bonds. Unless he wants to buy some, of course.” And Binance CEO responded, “Looking forward to it. Plenty to discuss.” And, to be fair, Reuters also said that “Zhao praised El Salvador for taking on a pioneering role in the adoption of bitcoin and said Bukele’s presidency would be remembered in “heroic” terms for its bold bet on the future.”
Similar Reading: Binance’s CZ explains Why banning crypto ads won’t affect demand| Binance’s CZ Explains Why Banning Crypto Ads Won’t Affect Demand
Is Binance CEO’s visit to El Salvador priced in? It will have an impact on the BTC’s price. How about BNB? Binance could make moves to El Salvador. What does the market think about the historical visit to El Salvador? All of these questions will be answered in the coming days.
Featured image: Charts by TradingViewChangpeng Zhao in El Salvador, screenshot from this video | Charts by TradingView