🔥 Binance SAFU Fund continues to buy 100 million USD Bitcoin – CZ responds to FUD: “Fudders FUD. Binance buys.”

While the market is full of negative news and FUD, the Binance SAFU Fund (user protection fund) has just purchased an additional 100 million USD in Bitcoin.

CZ reposted this news and made a brief comment:

“Fudders FUD. Binance buys.”

(Those who FUD can keep FUDing. Binance buys.)

This is the second time in a short period that SAFU has purchased a large amount of BTC – after transferring ~1 billion USD stablecoin to BTC earlier.

Meaning:

Instead of panicking, Binance is increasing its BTC reserves for the user protection fund, showing strong confidence in long-term Bitcoin.

Do you think this action helps increase confidence in Binance and $BTC ? Or is FUD still stronger? Comment below! 🟠💪