Binance CEO Changpeng Zhao, known as CZ, has once again emphasized his preference for the “buy-and-hold” strategy in the cryptocurrency market.
He believes holding crypto assets like Bitcoin and BNB over the long term is more effective than most trading tactics. CZ’s comments highlight his confidence in the simplicity and potential of long-term investing, despite the growing number of complex trading strategies available.
CZ’s Endorsement of the Buy-and-Hold Strategy
In a recent post on X, CZ explained that after years of observing various trading strategies, he has found that the “buy and hold” approach consistently outperforms most others. “I’ve seen many different trading strategies over the years; very few can beat the simple ‘buy and hold’, which is what I do,” CZ said.
He added that his stance is not financial advice but rather his personal approach. His remarks resonate particularly during times of market volatility, where the focus often shifts to quick trading profits. However, CZ’s point of view stresses the value of patience in accumulating wealth through crypto.
Despite the widespread belief that trading frequently yields higher returns, CZ stands firm in his opinion that time and steady growth work better. He argued that over time, assets like Bitcoin have shown the ability to grow significantly, even after market downturns.
Supercycle Predictions and Bitcoin’s Future
CZ also expressed his belief in the potential of Bitcoin entering a supercycle. He predicts that global regulatory shifts and an increasing number of crypto-friendly policies could trigger this cycle. In an interview with CNBC, CZ was asked about his forecast for Bitcoin’s price this year.
While he noted that short-term predictions are impossible, he confidently suggested that over a five to ten-year horizon, Bitcoin’s value is bound to rise. He aligned with ARK Invest’s Cathie Wood, who has set bold Bitcoin price projections for 2030, estimating prices as high as $1.5 million.
His optimism also extends beyond Bitcoin, with CZ noting that the growing acceptance of cryptocurrencies by governments worldwide could disrupt traditional financial cycles. He believes that the crypto industry will continue to gain momentum, especially as regulatory bodies like those in the U.S. adopt more supportive stances toward crypto.
Asset Tokenization and Mentorship for Crypto Projects
CZ has also been active in discussions surrounding asset tokenization. He revealed that he is in talks with several countries about tokenizing state-owned assets, allowing citizens and investors to purchase small stakes.
While he did not disclose specific countries or assets involved, he noted that such projects would enable nations to raise capital in innovative ways, similar to past privatizations in industries like oil or telecom.
Aside from his work with asset tokenization, CZ’s role in the crypto space also involves mentoring. He emphasized his advisory role in the BNB Chain ecosystem, stating that he holds minority shares but primarily mentors the team behind the project. CZ’s influence continues to extend beyond just Binance, as he builds other ventures such as Giggle Academy and YZi Labs.
CZ’s backing of the buy-and-hold strategy serves as a reminder that while trading can be tempting, long-term investment in core assets can prove to be more fruitful. His predictions for Bitcoin and the crypto market as a whole reflect a bullish outlook for the future.
As the market evolves, CZ’s commitment to mentoring and exploring new initiatives such as asset tokenization further reinforces his role as a key player in shaping the crypto landscape.
The post Binance CEO CZ Backs Buy-and-Hold Strategy Over Most Trading Approaches first appeared on Coinfea.
