Binance founder and former CEO Changpeng Zhao has made important warnings these days when the Bitcoin price is rising and breaking new records every day.
Recalling the message "If you can't hold it, you can't get rich" shared in 2021 and emphasizing the increase in long-term investment in cryptocurrencies, Zhao made the following statements:
"$BTC is a correct risk management method as it goes to new highs one after another. There will be many declines (and rises) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Move slowly and carefully."
Zhao wrote in another post, "This is just the beginning." Although it is unclear what the Binance founder meant, it is thought that the connection here is considered to be the recent price movements in cryptocurrencies.
Bitcoin, a cryptocurrency, renewed its record by exceeding $77,000 today. The price saw significant movements in altcoins at the $77,200 level. ETH almost reached the 3,000 target. SOL surpassed $200 and ADA rose above $0.45 after months. The total market value of cryptocurrencies is hovering at 2.6 sports.
Binance founder Changpeng Zhao warned investors against price currencies, greed and haste amid the rise.
