Binance founder Zhao made 5 critical warnings, recalling his message in 2021

Binance founder Changpeng Zhao warned investors against price fluctuations, greed, and haste amid the rises.

Binance founder and former CEO Changpeng Zhao made important warnings these days when the Bitcoin price is rising and breaking new records every day.

Recalling the message he shared in 2021, “If you can't hold it, you can't get rich,” emphasizing the importance of long-term investment in cryptocurrencies, Zhao made the following statements:

“Apply proper risk management as Bitcoin 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 founder of Binance is referring to, the context here is thought to be the recent price movements in cryptocurrencies.

The number one cryptocurrency, Bitcoin, broke its record today by exceeding $ 77,000. While the price was $ 77,200, there were also significant movements in altcoins. ETH reached almost $ 3,000. SOL left $ 200 behind and ADA rose above $ 0.45 after months. The total market value of cryptocurrencies is around $ 2.6 trillion.

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