CZ Fires Shots: ’Prove You’re Not Tourists’—Binance Boss Tests Crypto True Believers

Changpeng Zhao isn’t handing out participation trophies. The Binance CEO just dropped a gauntlet for crypto investors—asking uncomfortable questions that separate diamond hands from weak wallets.

No more ’wen moon’ talk. CZ wants to know if you understand the tech—or just the Lambo brochures.

Meanwhile, traditional finance bros are still arguing about bond yields over martinis. Your move, ’investors.’

Three Essential Questions for Crypto Investors

Zhao posed a critical question to crypto investors via his X account, asking them to consider, “What happens in a worst-case scenario?” This stark reminder highlights the importance of accounting for potential financial losses, which can severely impact one’s ability to cover essential expenses like rent, food, and utilities. According to Zhao, those who clearly define their risk tolerance from the outset are more likely to survive the volatile crypto market.

The second probing question Zhao asked was, “How many chances can you afford to take?” Using all resources at once equates to an early exit from the market. Zhao emphasizes the importance of breathing and strategically avoiding the allure of quick gains. He insists that while small losses are recoverable, significant losses can bar re-entry into the field, underscoring the need for meticulous risk management.

The third and arguably most impactful question asked by Zhao was, “Do you really know what you’re doing?” In the crypto market, it’s easy to chase trends but difficult yet rewarding to conduct thorough research. When investors leap into unknown coins, they often find volatility shakes them off quickly. Zhao plainly states that without investing in knowledge first, the crypto market will not reward investors.

Controversy Surrounding Zhao’s Pardon Request

After serving a four-month sentence in the U.S. for violating anti-money laundering regulations, Zhao seeks to clear his name. Despite stepping down from his CEO position following a notable $4.3 billion Binance-U.S. settlement, Zhao remains actively involved in the industry through mentoring and supporting early-stage investments and decentralized projects. His request for a pardon from TRUMP aims to fully restore his reputation.

This MOVE has garnered both support and critique. Supporters commend Zhao’s early vision for enhancing cryptocurrency infrastructure, while critics argue no one is above the law. Regardless of opinions, Zhao’s potential resurgence offers investors confidence, as influential figures tend to increase market volatility when returning to the scene.

Zhao’s current mission is to foster a “more informed investor, more transparent market.” By encouraging investors to contemplate his three critical questions, he suggests they may eventually reap the rewards amidst uncertainty. Whether his pardon is granted or not, Zhao’s clear guidance will continue to resonate throughout the cryptocurrency community.