Changpeng “CZ” Zhao, the founder of Binance, has weighed in on the latest crypto market correction, emphasizing that price pullbacks are a natural part of free markets.
In a social media post, CZ wrote:
“Corrections are part of free markets. This is not financial advice. If you feel pressured, you may need to reduce your investment size (if you consider crypto an investment). For me, it was a shift in worldview. I left the old world 11 years ago.”
CZ’s comments come amid a sharp decline in cryptocurrency prices, with Bitcoin and other major digital assets experiencing significant pullbacks. His statement suggests that investors should assess their risk tolerance and adjust their positions accordingly rather than reacting emotionally to market fluctuations.
As a long-time advocate of decentralization and financial freedom, CZ has often spoken about his transition away from traditional finance. His latest remarks reinforce his long-term belief in crypto, viewing it as more than just an asset class but rather a fundamental shift in global financial systems.
Despite market volatility, CZ’s message reflects confidence in the long-term trajectory of digital assets and serves as a reminder to investors to approach the market with a measured perspective.
