CZ Shares Key Advice for Navigating Crypto Market Volatility

Changpeng Zhao, CEO of Binance, has addressed the crypto community amid the recent market decline, offering practical advice for navigating volatility. CZ, who co-founded Binance in 2017, urged investors to reduce their investment size to levels they can comfortably manage, especially during periods of significant price swings. He highlighted the importance of mental stability, stating that it is crucial for long-term success in the crypto space.

Bitcoin, the world’s largest cryptocurrency, has experienced a sharp decline over the past week, dropping over 20% and reaching a low of $78,764 before partially recovering. CZ’s advice comes as the broader crypto market faces significant downturns, with many investors feeling the pressure. He emphasized that dips are a natural part of the crypto market cycle and encouraged those feeling stressed to reassess their investment size.

CZ also expressed his confidence in Bitcoin’s future, stating that he does not believe Bitcoin will “die.” He revealed that he has not sold any of his crypto holdings during the recent market dips, reinforcing his long-term optimism. His portfolio, he noted, consists solely of Bitcoin and Binance Coin (BNB).

This article was originally published on U.Today.