Former Binance CEO Changpeng Zhao recently went to the X social media network and shut down the idea that cryptocurrency could quickly make profits.
In fact, he urged potential investors to move away from their early asset classes if it was their goal.
“If you want to get a rich quickly, don’t touch the code,” CZ told 10 million followers on X.
The “Hadling” mentality
Earlier this year, cryptocurrency influencer EmperionBTC outlined investors in four categories: About 80% of them are tourists (FOMO-driven), 10% follow poor advice, 5% pretend to know, and only the remaining 5% know Crypto.
In response, It is listed The majority of those investors are those who are actively trading or working on projects while actually failing to surpass Bitcoin.
He said that in reality, doing nothing would exceed 99% of cryptocurrency participants and other assets.
In June, as reported by U.Today, CZ said that only “HODL” courage is actually important.
CZ’s $1 million forecast
The former Binance boss believes Bitcoin still has many upside potential.
In early May, he predicted that major cryptocurrencies could reach up to $1 million during the current bullish cycle due to growing institutional adoption.