As Bitcoin breaks record after record — recently touching $123,000 on July 14 — many investors are celebrating what feels like the beginning of a new crypto era. But Changpeng Zhao (CZ), founder of Binance and one of the most influential figures in the crypto world, has a different perspective:
“Today’s all-time high may feel exciting now, but in a few years, it’ll just be a fraction,” CZ wrote on his X (formerly Twitter) account to his 10+ million followers.
🧠 CZ’s Painful Lesson From 2014: Buying the Top
CZ recalls entering the Bitcoin market in 2014, buying BTC at around $1,000 — which, at the time, was close to its all-time high. Soon after, the market crashed, and he had to wait 3 long years to simply break even again in 2017, when Bitcoin hit $1,000 once more.
From there, the price skyrocketed to $20,000, and today — at over $119,000 — CZ’s original investment has increased more than 100x.
“Back then, hitting $1,000 again felt like a huge win. Now, that number isn’t even 1% of today’s price,” he reflected.
📉 Don’t Sell Too Early — Think Long-Term
CZ’s core message? Don’t be too quick to sell your holdings just because you’ve seen a recent pump. History shows that Bitcoin tends to reward patience. Many early investors who sold at $20K felt like geniuses at the time, only to watch BTC surpass $60K, $100K, and now $120K.
“Bitcoin’s current price is not the ceiling. It’s just a checkpoint,” he implied.
🟨 Why CZ’s Message Matters Right Now
The crypto market is once again buzzing with hype. Meme coins are surging, influencers are posting wins, and FOMO is real. But as someone who lived through multiple bull and bear cycles, CZ is urging the new generation to zoom out.
His warning is especially important for new investors who may feel tempted to cash out fast. “The real returns,” CZ suggests, “come to those who hold through the storms.”
🛡️ Final Thoughts: The Long Game Always Wins
If you’re wondering whether now is the time to sell, this message from CZ might be your reminder to think bigger. The next few years could see Bitcoin reach heights that make today’s ATH look cheap in comparison.
So while it’s okay to be excited — maybe even take some profit — don’t underestimate the long-term potential of a technology that’s only getting stronger.
