Binance’s CZ Warns Against Chasing Quick Crypto Profits

Changpeng Zhao (CZ), the founder and former CEO of Binance, has shared his perspective on building wealth in crypto. In a recent post on X, CZ criticized the obsession with short-term gains and quick profits, highlighting how this approach often leads to significant losses.

Many investors, particularly those labeled as “degens,” pour money into projects that promise rapid returns. However, they often neglect the risks associated with such speculative investments. CZ’s message serves as a reality check for those who prioritize immediate profits over long-term sustainability.

CZ’s Wealth-Building Advice

CZ advocates for a different approach—one centered on long-term growth and ethical teams. According to him, crypto investors should focus on projects built by teams committed to sustainability, innovation, and real-world utility rather than hype-driven short-term gains.

His stance aligns with his long-standing philosophy. Last year, CZ encouraged the crypto community to shift its focus toward developing practical blockchain applications instead of meme-driven or speculative projects.

In his latest post, he reinforced this mindset, stating that “big money is built slowly with stamina.” This highlights the importance of patience, consistency, and strategic planning in wealth-building, especially in the volatile crypto market.

The Cost of Chasing Quick Gains

CZ’s advice comes at a time when the crypto market is experiencing sharp fluctuations. Bitcoin, for example, recently dropped from a 24-hour high of $86,000 to $80,052, representing a 6.91% decline. This price drop had a ripple effect across the market, leading to massive losses for short-term traders.

According to data from Coinglass, a staggering $628.86 million has been liquidated in the past 24 hours. Long positions accounted for $534.70 million of the total, while short positions saw $94.16 million in liquidations. The figures highlight the risks of relying on short-term trading strategies in a highly volatile market.

Despite these downturns, long-term investors who hold utility-based tokens remain optimistic. Many believe that patience and a focus on strong fundamentals will eventually yield greater returns.

Final Thoughts

CZ’s perspective challenges the prevailing mindset of quick wealth in the crypto space. By urging investors to prioritize projects with ethical leadership and real-world applications, he reinforces the idea that long-term gains far outweigh short-term profits.

While the temptation to chase rapid gains is strong, CZ’s advice serves as a reminder that sustainable wealth is built over time—not overnight.