Okcoin CEO Hong Fang argues bitcoin is a 'strong' inflation deterrent despite its recent price volatility.
Regardless of market volatility, Fang remained confident in bitcoin’s ability to protect against the possibility of decreased purchasing power.
"Mid-term to long-term, I think the bull [market] is fighting it, but there's a strong force believing the store of value," the CEO said. In a move that aims to bring crypto investments to the "next level," Fang also discussed Okcoin’s launch of itsmarketplace, which will include uncapped royalty rates for creators and zero trading fees – the first exchange to do so.
"We have been a strong believer in building crypto and bringing crypto to all," Fang noted. "We believe the NFT is a place where we're giving more people a choice, investing in crypto assets of its unique characteristics."
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