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Changpeng Zhao says crypto investing is hard without knowing DCA strategy

Changpeng Zhao says crypto investing is hard without knowing DCA strategy

Binance founder Changpeng Zhao (CZ) [Photo: Reve AI]

Changpeng Zhao (창펑 자오), founder of Binance, again stressed to cryptocurrency investors the importance of dollar-cost averaging (DCA), a strategy of regular staggered buying.

On July 26 local time, blockchain outlet U.Today reported that Zhao said understanding DCA is essential for investors seeking to build assets over the long term.

Zhao wrote to his followers, “If you don’t know DCA, you’d better search it. You can’t get rich without knowing some basic financial terms.” The remark came after a discussion continued over when long-term investors should enter the…

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