CZ Warns Investors: “Don’t Expect to Get Rich Quickly from Crypto”

Former Binance CEO Changpeng Zhao warns investors not to view cryptocurrency as a get-rich-quick tool, emphasizing that only those with patience and a deep understanding of the market can truly succeed.

Cz Warns Investors Don't Expect To Get Rich Quickly From Crypto

Changpeng Zhao (CZ), former CEO of Binance, recently issued a warning to investors about chasing the dream of quick wealth through cryptocurrencies. On the social media platform X (formerly Twitter), he advised those seeking short-term profits to stay away from the crypto market.

“If you want to get rich quickly, stay away from crypto—and don’t blame it either,” CZ emphasized in a post to his 10 million followers.

Cz Emphasized On X
Cz Emphasized On X

Investor Typologies and the Prevalence of FOMO

Earlier, a crypto influencer known as EmperorBTC categorized investors into four groups: 80% driven by FOMO (fear of missing out), 10% acting on poor advice, 5% pretending to be knowledgeable, and only 5% who truly understand the market. CZ agreed with this breakdown, adding that most investors are either active traders or involved in projects that fail to outperform Bitcoin.

According to him, the most effective strategy remains long-term holding—or “HODLing”—without getting swept up in short-term speculative waves. He stressed that only a very small percentage of investors possess the patience to hold assets without reacting to market volatility.

A Strong Belief in Bitcoin’s Long-Term Potential

Despite stepping down from his leadership role, CZ continues to express strong confidence in Bitcoin’s future. Earlier in May, he predicted that the leading cryptocurrency could reach as high as $1 million during the current bull cycle, driven by increasing institutional adoption.

This forecast underscores CZ’s long-held view: that success in crypto requires patience, understanding, and a sustainable investment strategy—rather than a reckless chase for fast profits.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338