Former Binance CEO CZ dropped powerful investing insights as bitcoin shatters records, delivering a must-hear message for the crypto world.
CZ Speaks Out with Crucial Bitcoin Insight as BTC Shatters All-Time Highs
Former Binance CEO Changpeng Zhao (CZ) shared investing insights on social media platform X Friday, cautioning investors to stay vigilant as bitcoin continues to reach new all-time highs. He advised followers on managing the risks of crypto’s inherent volatility, urging:
As bitcoin makes successive new all-time highs, apply proper risk management. 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.
CZ’s warning reflects a broader theme of balanced investing in a market prone to rapid shifts and intense fluctuations, a message aimed at helping investors avoid high-risk, impulsive moves.
After his release from U.S. custody and departure from his executive role at Binance as part of a settlement with the U.S. Department of Justice (DOJ), CZ has shifted his focus to new projects. The Justice Department had charged Binance with inadequate anti-money laundering controls, sanctions violations, and potential illicit transactions, resulting in CZ paying $50 million in fines and Binance $150 million. As part of the settlement, CZ accepted a four-month prison sentence and a ban on executive roles at the cryptocurrency exchange.
Now, CZ is directing his efforts toward ventures like Giggle Academy, an educational platform, and exploring investments in blockchain, AI, and biotech with a focus on long-term impact. He is also writing a book about his experiences, now two-thirds complete. While still Binance’s largest shareholder, CZ has no plans to return to its leadership, expressing satisfaction that the company is thriving independently, which he describes as “every founder’s dream.”
