Disappointed with the Crypto Markets? ‘Tis the Season to Get Inked!

By Swati Kishore

A Medium post published last week revealed that Zhao Changpeng (the Chinese Canadian entrepreneur who is the CEO of the world’s largest crypto exchange, Binance) has had his company’s logo tattooed on his forearm.

Interestingly, CZ (as he is popularly known) revealed that he got his first ink in Singapore. But he was not the only one, his partners in crime were Gareth Lai, South African-origin Hong Kong-based Blockchain investor and Luke Wagman, Co-founder of data tracking website CoinMarketCap.

Zhao said that he was never a ‘tattoo kind of a guy’, but his inspiration came from Wagman. The Blockchain investor currently boasts of a tattoo of the Bitcoin logo on his arm, and he told Zhao over dinner in Singapore that he plans on getting more ink inspired by the logos of Binance and CoinMarketCap.

Zhao exuberantly elaborated in his Medium post, “Here is a cool dude, who has contributed so much to the crypto space, and a strong supporter of Binance, and he is going to get a Binance tat, and I’m just going to sit here and watch? No, I can’t do that.”

Zhao also mentioned that Lai also ended up getting the tattoo of Binance’s logo on his arm. Lai made the decision to ‘ink the deal’ when he got to know that a symmetrical square represents crypto trades and Blockchain. “Luke and I explained separately that he should only get the tattoo of his own will, and that there’s no need to be peer-pressured. But Gareth was committed,” wrote CZ in his Medium post.

Interestingly, all this tattooing is happening amidst the bear market trend that has been ruling the crypto markets for over a year now. Bitcoin, the world’s largest digital asset by market capitalization, has lost as much as seventy percent of its value from the all-time high of USD 19,000 in December 2017.

Data from CoinMarketCap has revealed that this year as much as USD 500 Billion have been wiped out from the crypto markets.

Perhaps, getting a permanent ink of their startups is a way for crypto entrepreneurs to show support and glide through the bad times with a ray of hope for a better 2019.