Changpeng Zhao "Bought Bitcoin during the 2014 bear market... Don't do it like me"
Suehyeon Lee
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- 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.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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."
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