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.
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.
