Binance founder CZ says market pullbacks are natural in free markets
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Former Binance CEO Changpeng Zhao (CZ) has addressed the ongoing market meltdown, telling investors that dips and market corrections are normal in free markets such as the crypto industry. Binance founder and former CEO Changpeng Zhao (CZ) has commented on the bearish market sentiment witnessed in the crypto industry. CZ reminded investors that market dips and corrections are part of free markets. CZ cautions stressed investors to reduce their crypto positions Dips are a part of free markets. 🤷♂️ Not financial advice. 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. https://t.co/5zzRAMB4YC — CZ 🔶 BNB (@cz_binance) February 28, 2025 Although he categorically stated that he wasn’t giving financial advice, he urged investors who view crypto as an investment vehicle to reduce their positions in digital assets if they feel stressed and overwhelmed about the existing market conditions. He explained that he views crypto as a worldview shift and that he exited the world eleven years ago. CZ was replying to a question from one of his followers who was seeking words to heal the X crypto timeline as the crypto market continues to display tough conditions for both traders and investors. The follower asked what the Binance founder had to say about the current market condition. The crypto market has been on a sharp decline in recent weeks following uncertainties revolving around economic policies under President Trump’s administration. Top crypto projects have shed nearly all the gains they had recorded after Donald Trump won the 2024 presidential elections. Trump’s victory sparked a wave of excitement, causing both retail and institutional investors to join the crypto bandwagon. Trump had publicly endorsed the crypto…
Filed under: News - @ February 28, 2025 6:25 pm