Changpeng Zhao Urges Caution as Bitcoin Trades Around Record Highs

Changpeng Zhao, also known as CZ, took to social media to share an urgent message with his nine million followers, reflecting on Bitcoin's recent surge in price and offering a word of caution.

In his tweet, CZ referenced a post from November 1 of the previous year, during his tenure as CEO of Binance, where he highlighted the importance of positioning oneself on the “right side of history.”

He emphasized the potential of cryptocurrency to serve as a superior form of money that could positively impact billions, warning against being on the wrong side of its evolution.

The tweet comes amid Bitcoin’s remarkable rise, which saw the cryptocurrency climb back to the $90,000 mark following a brief decline.

On November 13, Bitcoin surged to a record high of $93,434, propelled by recent political changes in the U.S. and a 25 basis point interest rate cut by the Federal Reserve—the second such reduction this year.

Following this all-time high, CZ reminded the crypto community to exercise caution, acknowledging that while Bitcoin’s price may experience future highs and lows, it’s crucial to manage risk, avoid excessive greed, and not place all investments in a single asset.