Bitcoin reached a peak of $77,200 around 4 AM, setting a new historical high for four consecutive days. In this regard, Binance founder Zhao Changpeng (CZ) reminds investors to manage risks properly and not to put all their eggs in one basket, avoiding excessive greed.
After the crypto-friendly Trump was elected and uncertainty in the presidential election was eliminated, Bitcoin has set new historical highs for four consecutive days:
On the 6th, it broke this year's March high of $73,777, hitting a new high of $75,242
On the 7th, it climbed to $76,422 at 5 AM
On the 8th, it reached $76,848 around 4 AM
At 3:30 AM today, it broke through $77,000, reaching a peak of $77,200, setting a new historical high
At the time of writing, Bitcoin has fallen back to $76,154, with a near 24-hour increase reduced to 0.55%.
CZ: Do not put all your eggs in one basket
Regarding Bitcoin's continued innovation in high trends, Binance founder Zhao Changpeng (CZ), who was just released from prison at the end of September, expressed his views on X, suggesting investors manage risks appropriately. He said:
As Bitcoin continues to hit new historical highs, risk management should be prioritized. There will be many lows (and highs) in the future.
He advises investors to ensure they can handle market fluctuations, control greed, and to invest slowly without putting all their eggs in one basket.
CZ's remarks seem to imply he does not believe Bitcoin's current price has reached its peak, but also warns that multiple pullbacks may occur before reaching the final high point, so preparations should be made (such as cautiously using leverage) to stabilize against market fluctuations.
CZ's Three Major Investment Focuses
As an OG who sold his Shanghai apartment in 2013 to invest in Bitcoin, CZ has weathered countless storms in the crypto market, making his words very significant.
Recently, he appeared at the Binance Blockchain Week in Dubai at the end of October and stated that his work at Binance has concluded, and he will now focus on his next goals. He mentioned that he will have more time to study AI and the DeFi field, which he previously had little opportunity to explore in depth, and he will dedicate himself to his educational project, Giggle Academy. In the future, his main focus and investment direction will center around three major fields: blockchain, AI, and biotechnology.
At the beginning of November, he reappeared in another Middle Eastern country, Bahrain. He mentioned that he learned Hong Kong counterparts are actively exploring RWA, but due to the small price fluctuations of these assets, it is difficult to form sufficient trading volume in the secondary market, and liquidity can easily shrink. He believes that to promote the development of the RWA sector, innovators need to propose truly liquidity-enhancing applications.
In addition, CZ emphasized that he is very optimistic about investment opportunities in the Middle East, and besides investments in the blockchain sector, he has also begun to lay out in areas such as AI and biotechnology in GCC countries.
