Changpeng Zhao: "Need to Study Bitcoin... Inability to Hold Due to 'Lack of Understanding'"
JOON HYOUNG LEE
Summary
- Changpeng Zhao, the founder of Binance, argued that investors need to enhance their understanding of Bitcoin.
- He stated that relying solely on others' words when buying Bitcoin can be risky.
- Zhao conveyed that the inability to hold in the market is due to a lack of understanding of technology and finance.
Changpeng Zhao, the founder of Binance, argued that Bitcoin (BTC) investors need to enhance their understanding of virtual assets.
On the 9th, Zhao stated on X, "If you bought Bitcoin just by listening to others, your conviction to hold on may be weak due to fear."
He added, "The inability to hold in the market often stems from a lack of understanding of technology, finance, and the world." He further emphasized, "You need to read and study more about Bitcoin-related materials."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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