With Bitcoin returning above $100,000, Binance’s Changpeng Zhao has outlined a golden rule that holders must adhere to in order to lock in good returns.
The flagship cryptocurrency reclaimed $100,000 on Thursday, extending its recent top form. Notably, the rally has induced ecstasy in the crypto community, replacing the fears and panic seen in the market a few weeks back when Bitcoin dumped below $80,000.
Changpeng Zhao, the co-founder of Binance, acknowledged this mood shift in a recent X post, advising enthusiasts on how to stay profitable in the crypto market. He stated that Bitcoin is easy if you “just don’t panic sell.”
Don’t Just Panic Sell: CZ
CZ’s tweet was particularly directed to those who could not withstand the market volatility in the past few months and chickened out of their holdings.
According to him, holding above the fears, doubts, and uncertainties (FUD) is crucial, as panicking in the face of adverse market conditions would ensure you sell at a loss.
Remarkably, the former Binance CEO remained exceptionally calm during Bitcoin’s price slump from its all-time high of $109,300 in January to $74,000 last month. He has often encouraged investors to remain calm and leverage the dips to buy more.
With Bitcoin regaining bullish momentum, CZ has reinstated the benefits of not panicking and just holding. To him, it is easier to make staggering returns on the pioneering cryptocurrency and the crypto market cap at large if you keep to this simple but golden rule.
Why People Don’t Hold: CZ
Meanwhile, in a parallel tweet on May 9, he further highlighted why holding is tedious for some people. In the piece, he emphasized that the lack of girth to HODL is due to investors not understanding blockchain technology and finance.
The inability to hold often comes from a lack of understanding of tech, finance, and the world.
If you only bought bitcoin because someone else said so, your conviction to panic hold will be low.
More reading helps. 🙏
— CZ 🔶 BNB (@cz_binance) May 9, 2025
The prominent industry leader noted that buying Bitcoin based on recommendations without an in-depth knowledge of its underlying technology and future trajectory results in lower conviction to hold during downsides. To cure this, CZ recommended personal research and knowledge seeking.
Interestingly, CZ remains upbeat that the recent gains are meager in comparison to what lies ahead. Recall that he earlier predicted that Bitcoin would trade between $500,000 and $1 million this bull cycle.
In the meantime, Bitcoin has extended its grip above six figures, exchanging hands at $103,755 at the time of writing. Its market cap has also reclaimed $2 trillion, and the global crypto market valuation is well above $3.2 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
