While the entire market is panicking over recent US inflation data, Binance CEO Changpeng “CZ” Zhao thinks it is still somehow ‘’magically low.’’ The consumer price index increased 9.1% from a year ago in June, more than analysts predicted. Bitcoin briefly dropped below 19,000 minutes after the US Bureau of Labor Statistics reported inflation data. The post Binance CEO Thinks US Inflation Should Be 500%, Here’s Why appeared first on CoinGape.
