Binance founder CZ responds to the controversy over the buy-and-hold tweet
The founder of the Binance platform, Changpeng “CZ” Zhao, responded to the increasing criticism on social media after a brief comment about the “buy-and-hold” strategy sparked renewed debate over market losses, the exchange's responsibility, and its impact on cryptocurrency markets.
The controversy dates back to a post Zhao shared on January 25, in which he stated that based on his experience, few trading strategies outperform the simple “buy-and-hold” approach, adding that it was not financial advice.
CZ defends his statements after critics linked losses to the market crash
As prices continue to struggle across the market, critics argued that the message ignored the reality that many tokens never recover once they enter prolonged downturns.
On Sunday, Zhao directly responded to what he described as “misinformation” regarding the comment.
He wrote on X clarifying that the statement was never intended to apply to every cryptocurrency ever created.
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