Binance CEO Changpeng Zhao made a statement about the Bitcoin decline. In a post on his Twitter account, CZ told investors that they should not panic because of the Bitcoin drop.
Changpeng Zhao, CEO of Binance, one of the largest cryptocurrency exchanges in the world, says that those who are impatient and panic will never make a profit in this market. Saying that there is an upward market in the long term, no matter how much a decrease occurs, Binance CEO uses the following statements about Bitcoin:
Still worried about #bitcoin going to zero?
Relax and think. It won't. On top of many other reasons, it is now legal tender in a few countries.
— CZ 🔶 Binance (@cz_binance) June 26, 2021
CZ emphasizes that manipulations on the market should not be ignored and hodl is a good strategy. As it is known, Elon Musk can seriously affect the market with his tweets, and from time to time they send messages to each other with CZ. In fact, CZ had stopped following Musk on Twitter in the past months due to Musk’s manipulative statements.
CZ also constantly states that Binance’s BNB (Binance Coin) has not yet acquired ATH. While BNB was at $600 levels, CZ said that this level is still a bottom and will continue to rise. CZ repeated this statement. With the decline that began in mid-May, the BNB price also fell by more than 50%, trading at $284 at the time of writing.
#bnb not at ATH, so it is in a dip. NFA.
— CZ 🔶 Binance (@cz_binance) June 27, 2021
MicroStrategy CEO Michael Saylor agrees with CZ. Saylor says that the Bitcoin decline is due to the negative news from China and that BTC miners need time to move, and states that investors should be patient.