Binance co-founder Changpeng “CZ” Zhao, Bitcoin 
$76,601 He called on investors to be cautious as prices reached an all-time high. Zhao’s statement came after there was a general recovery in the crypto market and Bitcoin reached its peak approaching $ 78,000.
Impact of Binance CZ on Bitcoin and Crypto
Although Zhao is not the current CEO of Binance, he continues to wield his influence in the crypto world. Bitcoin and Ethereum 
$3,042 In this period when digital assets such as are making significant gains, Zhao recommends investors to take risk management measures.
Zhao stated that the market may act differently and both declines and rises may continue. He emphasized that investors should diversify their portfolios and avoid large losses due to their greed:
“As Bitcoin reaches new record highs, practice appropriate risk management. There will be many fluctuations in the future. Control your greed.”
Binance-FTX Relationship in the Past
Zhao also humorously stated that the agreement between Binance and FTX was not signed and that the collapse of FTX dates back to about two years ago. While FTX’s bankruptcy process is coming to an end, a recovery is observed in the market.
Binance remains an important player in the crypto industry after Zhao’s imprisonment. After his release, Zhao reaffirmed his commitment to blockchain technology, artificial intelligence and biotechnology.
Additionally, speculation continues as to whether Zhao will sell his shares in Binance. This could be important in determining its future market role.
Binance’s and CZ Zhao’s movements in the crypto market stand out as important developments for investors to follow carefully.
These dynamic changes in the market serve as a warning for investors to review their strategies and make informed decisions.
- Binance CZ Zhao evaluated Bitcoin reaching the ATH level.
- Zhao advised investors to pay attention to risk management.
- He made statements about the relationship between Binance and FTX.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
