CZ heads the biggest crypto currency exchange by trading volume

Binance CEO Changpeng Zhao (CZ) has offered tips to crypto investors on how to benefit from crypto market rally. On Twitter, as a general rule of thumb, Zhao advised his followers to adopt risk management during bull markets, avoid FOMO (Fear Of Missing Out), and not to invest in a single coin. However, Zhao ended his advice by stating that it is ‘Not financial advice’.

Zhao is the head of the largest crypto exchange in the world in terms of trading volume. He is popular for offering tips on social media and has the habit of engaging the public over trending issues regarding the crypto currency industry. His last engagement was on December 3, 2022, when he addressed the FUD (Fear Uncertainty, and Doubt) around Binance.

Zhao noted in the address that the FUD was motivated by external factors, and had nothing to do with the exchange. In his address, Zhao blamed users who didn’t like centralized exchanges and industry players afraid of competition, thereby continuing to lobby against Binance.

Zhao’s latest tip is driven by the current surge in the price of Bitcoin and the crypto currency market in general. The price of Bitcoin has been on an impressive rally since the beginning of 2023. The flagship crypto currency appears to have risen despite predictions by several analysts that the bear market had more downward grounds to cover before achieving a bottom.

Apart from Bitcoin, other crypto currencies have also surged, with some smaller altcoins achieving more than double their original values. Under such circumstances, investors may become emotional and decide to jump into the rising trend. However, historically this may not be the best way to invest in the crypto market.