Binance Co-Founder CZ Advises Against Getting Greedy as Bitcoin (BTC) Price Continues Its Rally

His statement comes amidst a broad crypto market rebound that has seen BTC hit an All-time-high (ATH) of almost $78,000.

Binance co-founder Changpeng ‘CZ’ Zhao has advised community members and investors to exercise caution and avoid getting greedy as Bitcoin (BTC) continues its price rally. His statement comes amid a broader crypto market rebound that has seen BTC hit a new all-time-high (ATH) of nearly $78,000.

CZ, despite stepping down as the CEO of Binance, remains heavily involved in the Bitcoin and crypto space.

With the recent market rally, most digital assets, including Ethereum (ETH), Solana (SOL), and others, have registered significant gains. However, as someone who has been in the industry for a long time, Changpeng Zhao believes that investors should proceed with caution and implement proper risk management measures on their trades.

As #bitcoin makes successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don’t put all your eggs in one basket. Ape slowly. https://t.co/lSfLHbj7go

— CZ ? BNB (@cz_binance) November 8, 2024

He added that the market could still go either way, with potential lows or further highs. Hence, investors should diversify their investment portfolios and avoid investing all their funds due to their greed.

It is worth noting that the former Binance CEO continues to play a central role in the crypto sector. He returned from prison about a month ago after serving four months for his involvement in some regulatory issues at the exchange. Upon his release, he highlighted his passion for blockchain technology, Artificial Intelligence (AI), and biotechnology.

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