Twitter is a long-term investment

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Binance's CEO emphasized that it is a long-term investment and that it is not affected by short-term fluctuations in stock prices and market conditions. CZ's main reason for investing in Twitter was its belief in free speech. According to him, this argument was enough to transfer $500 million for the acquisition.

Freedom of speech is a precondition for freedom of money, and we are building on that.

He emphasizes the importance of Twitter to provide a common platform for the general public and prominent figures to express their views.

The belief that Twitter has enormous untapped value is the third argument for why CZ has invested in Twitter. According to CZ, Twitter has not yet had a good business model and he believes that Elon and crypto can lead to innovative business models, where no user data is sold. The web 3.0 integration is therefore the fourth reason for the support from Binance.

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The fact that CZ itself uses Twitter a lot was also a motive to put money aside. The last motivator is the urge to solve problems. Binance wants to solve the same problems as Elon Musk, including eliminating bots, adding an edit button, paying for blue ticks, and paying for commenting on posts.