Changpeng Zhao (CZ), the co-founder and former CEO of Binance has recently addressed the crypto community amidst Bitcoin’s decline below the $80,000 mark. In his recent tweet, he emphasized that “Dips are a part of free markets,” encouraging investors to maintain perspective during these difficult times.
A user on X asked CZ about his take about the current market scenario and stated that his words have a positive impact on the people to which he made the above comment.
He also stated, “If you are stressed about it, you probably should reduce your investment size. (That is, if you view crypto as an investment.) For me, it’s a worldview shift. I exited the old world 11 years ago.” This statement implies that CZ views cryptocurrency not merely as a financial investment but as a way to change the world.
By suggesting that those feeling anxious should consider reducing their exposure. He thinks that it is important that the investment strategy is in line with personal risk tolerance and emotional well-being.
CZ’s view shows that crypto is not just about making quick buck, but about being a part of something much more bigger.
Bitcoin Dips Further
Bitcoin on the other hand has seen a significant downturn recently. It has dropped from the its January peak of $108,000 to around $79000 as of February 28, 2025.
At press time, the price of the token stands at $79, 820.68 with a dip of 7.5% in the last 24 hours as per CoinGecko.
The entire cryptocurrency is currently facing challenges, with Ethereum and Solana also experiencing significant losses. Analysts attribute the sell-off to increased market volatility and liquidity concerns.
CZ’s Belief in Bitcoin’s Long-Term Potential
Despite this downturn, CZ has remained optimistic about Bitcoin’s future. He recently even tweeted stating “Bitcoin won’t die” and predicting it could eventually reach $1 million in value.
However, CZ’s statements may provide some reassurance to the crypto community, emphasizing resilience and the importance of zooming out during market corrections.
CZ is confident about crypto’s future because he has a lot of experience and has correctly predicted market trends before. He tells investors to focus on Bitcoin’s long-term potential, rather than worrying about short-term ups and downs.
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