Changpeng Zhao, known as CZ, the founder of the cryptocurrency exchange Binance, shared his thoughts on who should avoid investing in cryptocurrencies. In a post on X from July 7, 2025, he advised: 'If you want to get rich quickly — stay away from cryptocurrencies and don't blame them for your failures.' Zhao emphasized that the crypto market is not for those looking for quick riches, as it is associated with high risks and volatility.
According to CZ, 95% of investors may incur losses due to a lack of knowledge and poor risk management. He urges newcomers not to invest all their funds in one asset and to thoroughly research projects (the DYOR rule — Do Your Own Research). He considers investments in meme coins or assets related to popular brands particularly risky if the investor does not understand their nature. Zhao recommends buying Bitcoin or verified assets, but only with a deep understanding of the market.
His advice reflects a desire to raise financial literacy in the crypto sphere. For those who want to understand the industry, Zhao advises starting small and avoiding 'playing' the hype.
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