Changpeng Zhao, the founder of the world's largest cryptocurrency exchange Binance, promotes a simple investment strategy — holding Bitcoin.
Changpeng Zhao's Simple Strategy
Changpeng Zhao has long advocated for straightforward investment strategies. In a recent post on X, he highlighted that Bitcoin holders are among the most successful investors. 'If you hold Bitcoin, you outperform 99 percent of crypto investors and investors in other assets. And you do it by doing virtually nothing,' Zhao stated.
Response to EmpireBTC's Arguments
Zhao's post was a response to a commentary by the influencer EmpireBTC, who argued that 80 percent of cryptocurrency investors are mere 'tourists', drawn in by hype. EmpireBTC suggested that only 5 percent of investors truly understand cryptocurrencies.
Bitcoin — A Stable Leader
The Binance founder asserted that attempts to outperform Bitcoin through diversification succeed for only 1 percent of investors. Despite challenges like the charges against Zhao, Bitcoin continues to lead the market. In 2024, it remained the top-performing asset, now valued at about $84,000, with a market cap of $1.7 trillion.
In the often volatile cryptocurrency world, simplicity — in the form of holding Bitcoin — might be the most effective strategy.
