CZ "Virtual asset-hoarding companies must go through a bear market to grow"

Claims have emerged that virtual asset (cryptocurrency) hoarding companies must go through a bear market (crypto winter) to grow.

On the 19th (local time), according to UBlockchain, Binance founder Changpeng Zhao said through 'Bitcoin Asia 2025', "The strategy, after taking losses in the first bear market, lowered the average purchase price through continuous operations," adding, "Virtual asset companies must go through at least one bear market to achieve true growth." He went on to point out, "(Currently) some virtual asset companies are high risk," and said, "They prop up their stock prices by hoarding assets but lack operational capability and portfolio management."