Breaking News: Binance CEO CZ Shares Crucial Crypto Advice Amid Bitcoin's Record Highs 🔥
Changpeng Zhao, CEO of Binance, has issued a timely warning on X (formerly Twitter) as Bitcoin continues to hit successive all-time highs. In his post, CZ emphasizes the importance of sound risk management as the crypto market remains volatile.
“#Bitcoin is making successive new all-time highs, but remember—apply proper risk management,” CZ wrote. He highlighted that the market will see many more ups and downs in the future, advising investors to ensure they can handle the volatility. "There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly."
In a follow-up, CZ also shared his personal mantra on long-term success in crypto: "If you don't hodl, you can't be rich." His message underscores the importance of holding through volatility and remaining patient in order to reap the rewards in the long run.
As Bitcoin reaches new heights, CZ’s advice serves as a critical reminder for investors to manage their risks, diversify their portfolios, and focus on long-term gains rather than chasing short-term profits.
