Changpeng Zhao (CZ), founder of Binance, believes a deep understanding of technology, finance, and global dynamics is crucial for long-term Bitcoin (BTC) holding. In a recent post on X (formerly Twitter), CZ stated that many fail to hold Bitcoin due to a lack of fundamental knowledge. He argues that simply buying BTC based on recommendations without personal research leaves investors vulnerable to price volatility. CZ emphasizes the importance of studying Bitcoin and the broader financial landscape. Understanding the underlying technology, the principles of decentralized finance, and the impact of global events provides the conviction needed to weather market fluctuations and hold BTC for the long term. By implication, informed investors are less likely to panic sell during downturns. ```

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