Ray Dalio Calls on CZ and He Yi to Use Binance's Profits to Buy BTC and ETH and Other Cryptocurrencies

On January 28, Yi Lihua, founder of Liquid Capital (formerly LD Capital), called on Binance leaders Changpeng Zhao (CZ) and He Yi to allocate a portion of Binance’s profits toward buying cryptocurrencies like BTC and ETH. Stablecoin issuer Tether and exchange giant Binance act as the industry’s “toll booths,” raking in billions annually in profits and achieving rapid success in crypto’s early days, he noted. Tether, a non-compliant stablecoin firm, generates massive profits in the space and reinvests aggressively in gold. While this is a successful investment strategy, it falls short in terms of industry development and stakeholder respect, he argued. In contrast, compliant stablecoins like USD1 — which subsidizes users with profits via WLFI and continuously acquires industry assets like ETH — are the true builders of the crypto ecosystem, he said. He added: “If CZ truly believes in the crypto supercycle and Bitcoin’s era, he should use part of Binance’s profits to buy BTC/ETH. This would align his words with actions, live up to the ‘Keep Building’ mantra, and earn greater respect. I also hope other platforms follow suit.” “Only an industry bull market can lift all boats,” he emphasized, “and large short sellers are the real cancer of the crypto space.”