Summary of today's statements by @CZ , founder of #Binance
🔥 In today's Wednesday AMA on #BinanceSquare , Zhang Bengchao @CZ emphasized that cryptocurrency beginners should start with a small capital and avoid futures or derivatives trading, focusing instead on gradual learning and understanding the market before taking risks. He also warned against launching meme coins based on social media posts, as most such projects fail and lack credibility.
🔥 Regarding the market, CZ confirmed that the altcoin season is inevitable, even though its timing and the specific coins that will benefit cannot be determined. He noted that the $BNB
system is stable and has long-term potential due to developer support and an active community. He also pointed out that prediction markets are still in early stages and lack liquidity, with most activity currently centered on sports.
🔥 As for Bitcoin and meme coins, CZ stated he firmly believes that $BTC will reach $200,000 in the long term, though the timing remains uncertain. He considers meme coins with real value to be those carrying historical or cultural significance, and expressed hope that these coins will continue to grow through better tool development for users, rather than short-term speculation.
