CZ’s Crypto Advice After Bitcoin Reaches Record High

Binance former CEO Changpeng Zhao (CZ) offered insight into Bitcoin investment strategies after the cryptocurrency surpassed $111,000. He advised investors to consider long-term trends instead of short-term fluctuations. In a post on his X account (formerly Twitter), CZ expressed empathy for those who sold BTC at the peak price of $77,000 and urged them to focus on historical annual charts rather than focusing solely on minute-by-minute market movements. He emphasized that Bitcoin’s growth over 40% since its low point demonstrates long-term potential. He shared this advice in a follow-up tweet where he mentioned his prior warnings about the risks involved in cryptocurrency investments.