Changpeng Zhao "Bought Bitcoin during the 2014 bear market... Don't do it like me"
Suehyeon Lee
Summary
- Former CEO Changpeng Zhao revealed that he bought Bitcoin at the beginning of a long-term bear market.
- However, he explained that he failed to capitalize further due to a lack of fiat currency when the opportunity for bottom buying arose.
- Therefore, he advised against following his buying strategy.
Changpeng Zhao, former CEO of Binance, advised against following his Bitcoin (BTC) buying strategy.
On the 11th (local time), Changpeng Zhao stated on X (formerly Twitter), "I bought Bitcoin at the beginning of a long-term bear market. Later, when the opportunity for bottom buying came, I couldn't capitalize on it due to a lack of fiat currency."
He continued, "It eventually worked out well, but I don't recommend following a buying strategy like mine."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
