The Twitter acquisition by Elon Musk reportedly reeled in mixed reactions from crypto and global communities, with inquiries on censorship changes, account verification and new crypto and blockchain-centric features releases. 

Nonetheless, Head of crypto exchange Binance Changpeng “CZ” Zhao decided to make a $500 million investment in the social media site that was the talk of the town.

In a bid to address the acknowledged buzz, CZ reportedly revealed six reasons fueling his plan for throwing the weight behind Twitter and what it may mean for the future of the social platform.

CZ’s main reason for his Twitter investment was the belief he has regarding free speech. “Free speech is a prerequisite for having freedom of money, which we are building for,” claimed CZ during his emphasis on the importance of Twitter in terms of offering a common platform in which the general public and prominent figures can voice their opinions.

The second reason for the financial support is reportedly associated with Binance’s support for entrepreneurs. Per CZ, “With Elon at the helm, we believe Twitter will continue to grow and become an impactful platform for everyone.”

CZ mentioned “tremendous untapped value” being the third reason for the investment, with an expectation that the social media platform could provide innovative business models not at the expense of selling user data. 

With this potential at the backdrop, CZ provided his assistance with Web3 integration for Twitter, which was also his fourth reason.

The fifth reportedly has a personal touch to it for CZ. Twitter has been playing a crucial role in CZ’s plan to maintain open communication with the crypto sphere, including entrepreneurs, investors, journalists and the general public.

CZ additionally disclosed possessing the same mindset to Musk – the sixth reason – regarding the possible adjustments to Twitter, which includes eliminating bots, including an edit button, paying for blue ticks and paying for commenting on posts.