Binance CEO Changpen “CZ” Zhao said long-term cryptocurrency holders performed better than short-term traders.
In a series of Twitter posts shared on May 24, CZ highlighted the irony of investors who believe they have entered the crypto space ” too late” for the market, including itself. According to the executive director of the stock exchange, traders are likely to express a similar mood in five years.
CZ went on to explain that it initially envied crypto investors who had been on the market since 2010 or 2011, even though he himself had been in the field for many years.
In response to a publication asking whether holding in the long run – the “holding” – is good financial advice, the CEO of Binance revealed that the data show that long-term crypto investors outperform traders.
CZ commented on the difficulty of holding assets for a long period of time, which he called ” passive ” compared to the more active trading position.