#binance founder and former CEO Changpeng Zhao has warned investors these days when Bitcoin price is soaring and setting new records every day.
Recalling the message “If you can’t keep it, you won’t get rich” shared in 2021, and emphasizing the need to increase long-term investment in cryptocurrencies, Zhao made the following remarks:
"$BTC It is a sound risk management approach where you reach new highs one by one. There will be many lows (and highs) 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."
“This is just the beginning,” Zhao wrote in another post. While it’s unclear what the Binance founder meant, the connection here is believed to be in reference to recent price movements in cryptocurrencies.
Bitcoin, a digital currency, surpassed its record by crossing $77,000 today. The price saw significant movements in altcoins at $77,200. Ethereum approached the $3,000 target. Sol crossed $200 and ADA rose above $0.45 after months. The total market cap of digital currencies is hovering at 2.6 trillion.
Binance founder Changpeng Zhao has warned investors against price gouging, greed and haste amid the rally.
