With Bitcoin breaking $100,000, #Binance ās Changpeng Zhao outlined a golden rule to follow for good information.
The flagship cryptocurrency reclaimed $100,000 on Thursday, extending its recent high. The rally in particular has sparked enthusiasm in the crypto trailblazer, replacing the fear and panic seen a few weeks ago when Bitcoin hit $80,000.
Binance co-founder Changpeng Zhao recently acknowledged this mood swing in a post by X, advising enthusiasts on how to stay profitable in crypto. He noted that Bitcoin is easy āonly if you donāt panic.ā
Donāt Just Panic Sell: CZ
#CZBÄ°NANCE ās tweet was specifically aimed at those who have been hesitant to sell their holdings due to market volatility in the past few markets.
According to him, it is very important to stay on top of fear, doubt and events (FUD), as panicking in adverse market conditions can lead to selling at a loss.
Remarkably, the former Binance CEO remained exceptionally calm during Bitcoinās recovery from its all-time high of $109,300 in January to $74,000 last month. He often encouraged investors to leverage the dips to stay calm and buy more.
As Bitcoin regains its bullish momentum, CZ reiterated the benefits of not panicking and just holding. Accordingly, if you follow this simple yet golden rule, it is easier to make astonishing returns in cryptocurrency and crypto market cap in general.
Why People Donāt Hold: CZ
Meanwhile, in a parallel tweet on May 9, it was emphasized that for some people, the reason for holding is even more pressing. The article emphasized that the lack of an environment for HODLing is not the growth that comes from understanding blockchain technology and finance.
The reason for not holding is often due to lack of knowledge about technology, finance, and the world.
If you only bought Bitcoin because someone else told you to, you are less likely to panic.
Reading more helps. š
ā CZ š¶ BNB (@undefined binance) May 9, 2025
The prominent industry leader noted that buying based on recommendations without knowledge of the data and outflow that holds Bitcoin everywhere results in lower conviction to hold during declines. To remedy this, CZ suggested personal research and learning.
As expected, CZ remains optimistic that recent gains are insufficient compared to future developments. Recall that you could previously predict that Bitcoin would trade between $500,000 and $1 million during this bullish debate.