Binance co-founder Changpeng Zhao (CZ) has taken to the X platform to voice his concerns about the behavior of some Bitcoin investors, suggesting that many of them lack the foundational understanding needed to hold through volatility.
According to CZ, the inability to hold onto Bitcoin during market downturns stems not from market mechanics, but from users’ superficial understanding of key areas such as technology, finance, and broader global systems.
He warned that those who purchase Bitcoin solely on others’ advice are more susceptible to emotional decision-making and panic selling when prices dip.
Emphasis on Education Over Hype in Bitcoin Investing
In a May 8 post, CZ reiterated the simplicity of Bitcoin investing by stating: “Bitcoin is easy, just don’t panic sell.”
However, he followed up with a deeper critique, stating that weak hands in the market usually result from poor understanding.
His view is that conviction in holding Bitcoin comes from informed knowledge, not hype or herd mentality.
CZ encouraged the community to deepen their understanding by reading more about the underlying technologies, economic systems, and global financial trends that drive crypto markets.
His comments emphasize the importance of education as a buffer against irrational behavior in volatile markets.
Community Reaction Aligns with CZ’s Educational Stance
CZ’s post has gained significant attention online, with over 140,000 views and hundreds of engagements.
Many users resonated with his message, including crypto enthusiast Pushpendra Singh, who commented, “True conviction comes from personal understanding, not borrowed opinions.”
The recent development reflects a broader sentiment in the crypto space that long-term success lies in knowledge and personal research, not in following trends or influencers blindly.
The support CZ has received highlights a growing awareness within the community that sustainable investing in Bitcoin requires more than just surface-level exposure.
A Reminder in Times of Market Uncertainty
CZ’s comments come at a time when the crypto market continues to experience periodic turbulence, testing investor patience and conviction.
With Bitcoin’s price frequently subject to rapid changes, many newer investors find themselves shaken by even minor dips.
CZ’s statement serves both as a critique and a call to action, urging users to move beyond passive participation and take control of their financial decisions through self-education.
As the market matures, leaders like CZ are emphasizing that resilience in the crypto space isn’t just about holding through downturns, but understanding why it’s worth doing so.
Also Read: Binance Founder CZ Proposed a Major Reduction in BSC Gas Fees by Up To 10X
Bitcoin Price Amid CZ’s Critic on BTC HODL
Coinciding with CZ’s commentary, Bitcoin’s price saw a notable uptick. As of today, BTC is trading at $103,686, marking a 4.45% increase in the last 24 hours and a 7.14% gain over the past week.
With a circulating supply of 20 million BTC, Bitcoin’s market capitalization has surged to over $2 trillion.
While it’s unclear if CZ’s comments directly influenced the price movement, the timing suggests a renewed wave of confidence among investors.
His remarks, underscoring the importance of long-term conviction, may have helped steady the nerves of some traders during recent fluctuations.
Also Read: Binance’s CZ Says He Isn’t a Memecoin Trader but Supports the Community, Predicts $BTC $500k to $1M