The founder of Binance gives advice to panicked sellers"
“Changpeng Zhao,” known as “CZ,” the founder and former CEO of the Binance platform, delivered a direct message to Bitcoin investors who are selling out of panic during downturns, emphasizing that this behavior often stems from a lack of deep understanding of the technology behind Bitcoin and finance and financial markets.
With the price of Bitcoin rising to $103,800, “CZ” stressed through his account on platform X that true confidence in holding Bitcoin does not come from following recommendations, but from self-education and understanding the fundamentals.
He noted that reading and learning enhance an investor's ability to hold on to the digital asset during times of volatility, adding:
More reading is beneficial.
Commenting on the phenomenon of weak hands in the markets – those who sell quickly under pressure – “CZ” reshared a tweet from 2021 in which he wrote:
Slap yourself if you sold Bitcoin for less than $100,000.
In a symbolic reminder of the importance of patience and long-term holding.
He concluded by affirming that sudden price spikes reflect the hidden potential that those who do not believe in Bitcoin's long-term future do not recognize.
