11.03.2025 14:41
One of the most recognized figures in the cryptocurrency world, Changpeng Zhao (CZ), highlighted the long-term wealth-building strategy of investors in a post on the X platform. The founder and former CEO of Binance emphasized that "big money is built slowly with resilience," criticizing the risky approach of investors chasing quick gains in the market.
The founder of the cryptocurrency exchange Binance, Changpeng Zhao (CZ), advised cryptocurrency investors to focus on long-term projects instead of short-term gains. This recommendation may lead "degen" investors, who are known for chasing quick profits, to rethink their strategies. This statement serves as a valuable guide for investors as liquidations continue amid significant declines in the cryptocurrency market.
CZ Recommended Focusing on the Long Term in Building Cryptocurrency Wealth
Changpeng Zhao criticized the focus on short-term gains in the cryptocurrency world in a post on X (formerly Twitter). The Binance founder emphasized that many investors spend large amounts of money to achieve small and quick profits.
Investors using this strategy are often referred to as "degen." Their pursuit of quick profits leads them to invest in anything that seems promising, while the risks associated with this approach can sometimes result in significant losses.
According to CZ, cryptocurrency investors should focus more on ethical teams dedicated to developing long-term benefit projects. Ethical teams are more likely to focus on sustainability, innovation, and real-world impact rather than short-term popularity.
CZ's latest advice comes at a time when the market continues to experience significant declines. Despite the increasing volatility in the market, most investors holding their tokens appear optimistic about achieving significant returns on their investments in the long run.