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Title: Zhao: Focus on Building a Good Product, Not Chasing Moon Prices
Changpeng Zhao, the CEO of Binance, has shared his thoughts on the recent price fluctuations in the crypto market. In an interview with U.Today, he emphasized that investors should not be distracted by short-term price movements and instead focus on building high-quality products.
Zhao’s comments come as a response to Elon Musk’s recent statements about Bitcoin’s (BTC) potential rise to $1 million per coin. While some may see this as a rallying cry for a market rally, Zhao believes that the focus should be on creating excellent products rather than chasing moon prices.
“Price is distraction,” he said in an interview with U.Today. “I think it’s very important for us to focus on building good products and not get distracted by short-term price movements.”
Zhao’s words are particularly timely given the recent market trends, which have seen significant volatility and a lot of excitement around potential price targets. In his view, however, this kind of thinking is precisely what gets in the way of real progress.
“I don’t think that we should be focusing on prices,” he continued. “We should focus on building products that people love to use, and if they do, then the price will take care of itself.”
This approach seems to align with Zhao’s own philosophy at Binance, where he prioritizes the development of innovative solutions over chasing after market volatility.
In a recovery year like 2024, it is essential for projects to remain focused on their core mission rather than get caught up in short-term price speculation.
Source: u.today
