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Binance’s CZ Issues Important Crypto Prediction
In a recent social media post, Changpeng Zhao (CZ), the co-founder and former chief executive of Binance, weighed in on the current crypto market volatility. As you may know, Bitcoin has experienced an astonishing 9% surge within 24 hours before plummeting again.
Regarding this unpredictability, CZ emphasized that predicting long-term cycles is relatively straightforward in crypto, but forecasting daily price movements remains a challenging task. His statement was: “In crypto, it’s quite easy to predict 10-year cycles… but it’s hard to forecast which way the price will head tomorrow.”
This prediction echoes his previous comments on the recent Bitcoin crash. He pointed out that all the crypto millionaires he knows share one common trait – they didn’t panic-sell during massive price drops. On the other hand, those who did sell at low points are now reduced to being millionaires.
What do you think about CZ’s commentary?
Source: https://u.today/binance-ceo-names-key-non-negotiable-factor-for-binance-details
