Changpeng Zhao weighs Twitter’s prospects under the ‘unpredictable’ Elon Musk.

Elon Musk is rather unpredictable, but this will positively affect Twitter’s development, said Binance CEO Changpeng Zhao at the Web Summit in Lisbon.

On October 28, Musk closed the deal to acquire the social network for $44 billion. Binance provided $500 million of that sum. Zhao attributed the investment to a fight for freedom of speech.

“Binance’s goal is to help expand financial independence. And freedom of speech is more important than the freedom of money,” he said.

Zhao called Elon Musk ‘a rather unpredictable guy’, citing his announced plan to charge $8 per month for verified Twitter accounts.

Nevertheless, the Binance chief expects that under Musk’s leadership the pace of rolling out new features on the social network will be much higher, even if ‘not all of them will catch on’.

“In fact, I would say that most of them probably won’t catch on. But that’s how the 10% of features that will remain will be identified,” he explained.

Zhao also said he is ready to join Twitter’s board as a minority shareholder if asked.

He declined to comment on Dogecoin integration. The exchange chief expects that in the future Elon Musk will present a more detailed plan to implement blockchain and cryptocurrencies into the social network. However, at present, in his words, the new Twitter owner ‘needs to fire a lot of people and make many changes’.

Commenting on cryptocurrency volatility, the Binance CEO noted that it ‘is probably the only stable thing’ amid the financial turmoil:

“If you look at the technology and the fundamentals of cryptocurrencies, the supply is finite; nothing has changed.”

Zhao spoke favorably about US regulators, pointing to the high level of banking support for bitcoin exchanges in the country.

“Thanks to the exchange’s Automated Clearing House protocol in the US, funds can be automatically debited from a user’s bank account each month. In other parts of the world we have not yet received such a level of support,” the Binance head explained.

At the same time, he acknowledged the stringency of US regulators towards crypto derivatives, adding that ‘few firms have obtained licenses for this activity’.

Earlier, in September, Changpeng Zhao said that in the long run bearish sentiment is more beneficial for the cryptocurrency market than the seemingly endless uptrend.

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