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.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.