Summary
- Changpeng Zhao, founder of Binance, reportedly maintained a positive attitude even as major virtual assets like Bitcoin continued their decline.
- Changpeng Zhao stated, "Only certain strong virtual assets will achieve the next all-time high," suggesting a selective approach in the market.
- He advised investors to focus on "long-term sustainability and growth potential."
As the virtual asset (cryptocurrency) market weakens amid geopolitical risks stemming from the Middle East, a sense of fear is spreading within the virtual asset community. However, Changpeng Zhao, the founder of Binance, maintained a somewhat optimistic attitude.
On the 23rd (KST), Changpeng Zhao stated on X (formerly Twitter), "By definition, everything before the next all-time high (ATH) can be seen as a decline." This remark was made while major virtual assets like Bitcoin (BTC) were showing weakness.
Overnight, the Iranian parliament resolved to blockade the 'Strait of Hormuz' in response to the United States' supply to its nuclear facility. Following this news, Bitcoin gave up $100,000, and major virtual assets such as Ethereum (ETH) and XRP plunged by over 5%.
Changpeng Zhao further commented, "Will there be another all-time high in the future? Only certain strong virtual assets will reach the next all-time high." He added advice to investors to "look at long-term sustainability and growth potential."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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