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Changpeng Zhao: “Even the US president won’t be able to predict the market over the next 3–4 months”
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Summary
- Zhao said that “even the US president won’t be able to predict the market’s direction over the next 3–4 months.”
- During a live AMA on Binance Square, Zhao said “it is difficult to gauge the market’s direction over the next 3–4 months.”
- Zhao said he does not recommend derivatives or futures trading for beginners and warned that losses driven by volatility can be very large.
Changpeng Zhao (CZ), founder of Binance, said “even the US president won’t be able to predict the market’s direction over the next 3–4 months.”
According to local media outlets such as BlockBeats and Odaily on the 14th (local time), Zhao made the remarks during a live AMA session on Binance Square, saying that “it is difficult to gauge the market’s direction over the next 3–4 months.” Binance Square is a social media platform operated by Binance, a global cryptocurrency exchange.
He also addressed the risks of futures trading. Zhao said, “I don’t recommend derivatives trading for beginners (in crypto investing),” adding that “losses stemming from volatility can be very large.” He continued, “There’s no need to make 10x returns in a single day,” and said that “personally, I think this kind of investing has lost much of its significance.”
