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Binance’s CZ Issues Crucial Advice for Those Shaken Out by Bitcoin Crash
In a recent statement, Changpeng Zhao, the CEO of Binance, has emphasized the importance of maintaining a long-term perspective when it comes to investing in cryptocurrencies. Following the substantial decline in Bitcoin’s value, CZ advised those affected not to rush into decisions that may have unintended consequences.
When asked about his personal experience with crypto market fluctuations, CZ revealed that he did not sell any of his holdings during recent dips. The Binance CEO also shared insights on how he views cryptocurrency as a worldview shift rather than just an investment opportunity.
“Bitcoin won’t die,” CZ tweeted earlier this week, expressing his unwavering faith in the digital currency’s long-term potential. He emphasized that Bitcoin is not just an investment but a worldview shift, and for him, it has been 11 years since he exited the old world.
In response to the current market turmoil, CZ offered crucial advice to those affected by the recent price drops. He advised reducing one’s crypto bag if they are risk-averse or if they view cryptocurrency as an investment opportunity only.
Source: https://u.today/binances-cz-issues-crucial-advice-for-those-shaken-out-by-bitcoin-crash
