Binance ex-CEO warns 95% of crypto investors won’t survive
Changpeng Zhao (CZ), the former CEO of Binance, has made a forecast for the crypto world, suggesting that just a tiny percentage will succeed in the long run.
On March 17, CZ responded to an X post by EmperorBTC, a crypto influencer on X, who analyzed the psychology of actors in the crypto market and claimed that the overwhelming majority are not equipped to handle it. EmperorBTC said, “The bar to succeed in crypto is very low.”
EmperorBTC explained that 80% of crypto investors are “tourists” who enter the market based on news dynamics and leave when sentiment changes. Over 10% make trade decisions based on “foolish influencers.”
He added that 5% are just posing to be wealthy, leaving only 5% who understand cryptocurrencies.
CZ…
