- CZ warns investors: Crypto won’t make you rich overnight.
- Most traders fail to beat Bitcoin, but holding outperforms the majority.
- Bitcoin could hit $1 million, but patience is key, says CZ.
Former Binance CEO Changpeng Zhao has issued a clear warning to those hoping to make fast profits from cryptocurrency. According to Zhao, investors entering the market with a “get rich quick” mindset are setting themselves up for disappointment.
Speaking to his 10 million followers on X, Zhao stated that crypto is not the place for those chasing instant wealth. He recommended that such people avoid touching the asset at all costs because they would be ruing its purchase after incurring losses.
Zhao made the comments as retail interest was awakening in the current bull market. He said that people do too little to be market beaters, particularly when motivated by hype and emotion rather than strategy.
If you want to get rich quick, don’t touch (and blame) crypto.
— CZ 🔶 BNB (@cz_binance) July 7, 2025
Responding to a tweet by crypto influencer EmperorBTC, who judged 80 percent of investors to be motivated by the fear of missing out, Zhao observed that most people cannot outperform Bitcoin.
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He stated that most investors take bad advice or apply to be experts in this area, which results in the same mistakes.
HODLing Shown to Outperform Most Active Traders, Says CZ
Zhao pointed out that those who choose to hold onto their crypto assets long-term often outperform even the most active traders. He said the simple act of holding Bitcoin without frequent trading has produced better results than most high-effort strategies.
In June, Zhao stressed that determination is necessary to retain long-term investments, particularly in a market downturn. According to him, sometimes, sitting back can yield superior returns as opposed to living in reaction to market circumstances.
Looking ahead, Zhao expressed optimism about Bitcoin’s future. In May, he also stated that the top cryptocurrency may go as high as $1 million in the ongoing market cycle. He explained this perspective by the increasing institutional interest, which he considers to be one of the key drivers of the growth ahead.
Zhao’s message reminds us that success in crypto demands patience and realistic expectations. For those chasing fast gains, his advice is simple: crypto is not for you.
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