CZ on Bitcoin, Altcoins, Meme Coins & Trading Risks—Key Takeaways
In a recent AMA livestream on Binance Square, Binance co-founder and former CEO Changpeng Zhao (CZ) shared insights on Bitcoin’s long-term outlook, altcoin cycles, meme coins, trading risks, and crypto platforms.
1️⃣ Warning on Meme Coins
CZ warned users not to launch or invest in meme coins based on posts from him or Yi He on X or Binance Square. Such projects have very low success rates, unclear origins, and high failure risk, and should not be treated as endorsements.
2️⃣ Advice for Beginners
CZ urged new users to start with small capital and focus on learning. He strongly advised beginners to avoid futures and options, noting that leverage often leads to losses.
3️⃣ Altcoin Season Will Come
According to CZ, altcoin season is “definitely coming,” but its timing, duration, and winners are unpredictable. Altcoin cycles are complex and cannot be precisely forecasted.
4️⃣ Confidence in the BNB Ecosystem
CZ described the BNB ecosystem as large, stable, and supported by active builders. He remains confident in its long-term potential driven by ongoing development.
5️⃣ Prediction Markets Are Early
CZ said prediction markets are still early-stage and illiquid, with limited market makers. Current activity is mostly focused on sports events.
6️⃣ Bitcoin to Reach $200,000
CZ reiterated his long-term belief that Bitcoin will reach $200,000, stating the uncertainty is about when, not if.
7️⃣ Most Meme Coins Fail
CZ noted that valuable meme coins need historical or cultural relevance. He estimated over 90% of meme coins fail, urging investors to understand the risks.
8️⃣ Binance Square vs. X
CZ explained that Binance Square and X operate on different models. He expressed doubts about X enabling crypto trading due to KYC challenges, while most Binance Square users are already verified.