Changpeng Zhao, alias Cz, the former CEO of Binance, is addressed directly to investors who give in panic during Bitcoin corrections. At a time when the flagship crypto has reached historical heights, its message resonates as a golden rule for febrile investors. How to keep your cool when the markets panic?
In short
- CZ identifies the “lack of understanding” as the main cause of precipitated sales.
- Bitcoin recently exceeded the symbolic bar of $ 100,000.
- More than 344,620 new portfolios joined the Bitcoin network.
- The former boss of Binance recommends reading and education as a panic remedies.
CZ's wisdom in the face of market turbulence
On his X account, Changpeng Zhao, the former leader of the largest crypto exchange platform in the world shared his vision with frankness. According to him, the precipitation for sale comes mainly from a “ lack of understanding of technology, finance and the world ».
CZ explain That investors who buy bitcoin simply on recommendation, without personal conviction, are the first to yield during periods of volatility.
Its solution is as simple as it is requiring: ” Read more is useful ». For CZ, only a solid financial and technological education makes it possible to develop the conviction necessary to keep your assets despite fluctuations.
He thus opposes the “paper hands” (panicked sellers) to the “diamond hands” (convinced Hodlers).
With a certain satisfaction, CZ also recalled his message published in 2021: ” Gift if you sold BTC for less than $ 100,000 ». A prediction which has become reality when the price of bitcoin recently reached $ 103,800, confirming its long -term market vision.
The Bitcoin euphoria suffering from new heights
These CZ tips are timely in an exceptional context for the first world crypto.
After reaching a historic summit during the inauguration of Donald Trump in January, Bitcoin experienced a period of consolidation, even affecting a floor at 74,000 dollars in early April, before rebounding spectacularly to stabilize around 103,053 dollars currently.
Enthusiasm is palpable: the aggregator of data Santiment has recorded the arrival of 344,620 new portfolios on the Bitcoin network in recent weeks. This wave of massive adoption perfectly illustrates the phenomenon of Fomo (Fear of Missing Out) widespread, while the crypto “silenced the bears” according to the expression of analysts.
The movement is no longer limited to individuals. Institutional investors rally the Bitcoin ship massively, thus confirming the long -term vision defended by CZ. The most striking example remains that of Michael Saylor, whose Strategy company now holds 555,450 BTC, an accumulation strategy that today bears its fruit.
The message of the former boss of Binance resonates as a fundamental truth in this volatile ecosystem: to get forward before investing and keeping his positions with conviction despite the temporary turbulence. A philosophy that proves its relevance while Bitcoin writes a new chapter in its history.
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