This works for all kinds of investments. Be it traditional assets like bonds and stocks or newer ones like cryptocurrencies etc.
"Stay centred and stick to the plan"
Can't be emphasized more. 🙌
#investing#stockmarketnews#bitcoin#blockchain
6/ Conclusion
No one can surely say if CZ will be the next @SBF_FTX. We certainly don't hope so🙏.
In meantime recent events with him & his exchange have highlighted importance (& need) of self custody & clearer decentralized solutions.
Remember
#NotYourKeysNotYourCoins#BTC
5/ Latest Update
While writing this thread binance and CZ have made yet another investment in Voyager digital assets for over 1 bil $ in addtion to 500 mil $ stake in twitter among other investments.
Without proper audits its never a good sign to spend so much capital IMHO.
4/ Controversies
CZ has been in several controversies throughout his career
-Market Manipulation
-Insider Trading
-Listing @SushiSwap & @Shibtoken for fee revenue
-Controversial take and statement on various issues
-Poor handling of exchange hacks
-No regulatory clarity
3/ Binance
Binance was launched in 2017 and quickly became one of the largest and most popular cryptocurrency exchanges in the world. It offers a wide range of trading options for various cryptocurrencies and has a reputation for being user-friendly and efficient.
2/ Early Life and Career
CZ was born in Jiangsu, China & grew up in a small town. He went to university in China prior moving to Canada to attend graduate school. After completing his studies, CZ worked in @okx (among others) before eventually starting Binance in 2017.
1/ Who is Chengpeng Zhao?
Chengpeng Zhao, AKA CZ, is the founder and CEO of Binance, one of the world's largest cryptocurrency exchanges. He is a renowned figure in the crypto community and is known for his outspoken and often controversial views on various topics.
It's kind of funny when you see sitting US senators like Elizabeth Warren talk about banning new technologies and innovation without comprehension of the fact that they're not really able to control traditional methods of money laundering
#BTC#Crypto
https://t.co/xUvya2Qdw5