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min read ▪ by
Changpeng Zhao, also known as CZ, the former CEO of Binance, speaks directly to investors who succumb to panic during bitcoin corrections. At a time when the flagship crypto reaches historic highs, his message resonates as a golden rule for nervous investors. How to keep calm when markets go wild?
In Brief
- CZ identifies a “lack of understanding” as the main cause of the selloffs.
- Bitcoin recently surpassed the symbolic $100,000 mark.
- More than 344,620 new wallets have joined the Bitcoin network.
- The former Binance CEO recommends reading and education as remedies for panic.
CZ’s Wisdom Amid Market Turbulence
On his X account, Changpeng Zhao, the former leader of the world’s largest crypto exchange platform, candidly shared his perspective. According to him, the rush to sell essentially stems from a “lack of understanding of technology, finance, and the world“.
CZ explains that investors who buy bitcoin merely on recommendation, without personal conviction, are the first to give in during periods of volatility.
His solution is as simple as it is demanding: “Reading more is helpful“. For CZ, only a solid financial and technological education allows developing the conviction necessary to hold assets despite fluctuations.
He thus contrasts “paper hands” (panicked sellers) with “diamond hands” (convinced hodlers).
With a certain satisfaction, CZ also recalled his 2021 message: “Slap yourself if you sold BTC below $100,000“. A prediction that became reality as bitcoin’s price recently hit $103,800, confirming his long-term market vision.
Bitcoin Euphoria Reaches New Heights
These CZ tips come at just the right time in an exceptional context for the leading global crypto.
After reaching a historic high at the inauguration of Donald Trump in January, bitcoin experienced a consolidation period, even hitting a low of $74,000 in early April, before bouncing spectacularly to stabilize around $103,053 currently.
The excitement is palpable: data aggregator Santiment recorded the arrival of 344,620 new wallets on the Bitcoin network in recent weeks. This wave of massive adoption perfectly illustrates the widespread FOMO (Fear Of Missing Out) phenomenon, as the crypto “silences the bears,” according to analysts’ expression.
The movement is no longer limited to individuals. Institutional investors are massively joining the bitcoin ship, thus confirming the long-term vision advocated by CZ. The most striking example remains Michael Saylor, whose company Strategy now holds 555,450 BTC, an accumulation strategy that is bearing fruit today.
The former Binance boss’s message resonates as a fundamental truth in this volatile ecosystem: educate yourself before investing and hold your positions with conviction despite temporary turbulence. A philosophy that proves its relevance as bitcoin writes a new chapter in its history.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
