Binance's CZ Reacts to ‘Twisted FUD’ on His Recent ‘Buy and Hold’ Crypto Tweet

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Changpeng Zhao, CZ, has taken to X to reveal that he has been facing an active attack from fudders relating to his recent crypto tweet, where he spoke about buying and then holding crypto assets. Zhao tweeted that he has seen some “twisted FUD” on the “buy and hold” crypto tweet he issued on January 25. In it, he said that very few trading strategies he had seen over many years as the Binance CEO (now, an ex CEO), “very few can beat the simple 'buy and hold'” – the strategy CZ prefers to follow himself. Even though CZ added a disclaimer that this was not financial advice, many began criticizing him for that X post after that. 4. Have seen some twisted FUD on this "buy and hold" tweet. It obviously does not apply to every coin. If you "buy and hold" all crypto ever created, you know how your portfolio will perform. Same as if you bought every internet or AI projects/companies... 🤷‍♂️In any industry,… https://t.co/ipXIOCLH6m Today, CZ clarified that this rule (“buy and hold”) does not apply to every single crypto available in the market. He hinted that buying whatever one can find can lead to a negative portfolio performance, reminding the audience that not every early Internet company was prosperous and neither is the majority of AI-focused tech startups: “If you "buy and hold" all crypto ever created, you know how your portfolio will perform.” The majority of companies is bound to fail in every industry, CZ stated, including crypto and “the few succ...