BlockBeats News, January 14, CZ held a Chinese AMA tonight at the Binance Plaza to address recent community concerns, summarized by BlockBeats:
Regarding meme coin hype:
· CZ stated that he enjoys meme culture but personally has little interest in meme coin trading. He prefers to focus on polishing the BSC underlying infrastructure to support users’ investment and trading needs.
· Regarding the early chip monopoly issue of “Pionee,” CZ stated that this is to some extent a “decentralization manifestation,” with early participants also taking on risks. Subsequent buyers need to do their own research, CZ believes that at this stage, there is no need for third-party intervention.
· CZ mentioned that a truly successful meme coin needs to have “references, historical stories”, and truly valuable ones are very few. The failure rate of meme coins is higher than 90%, and investors need to take responsibility for their choices. CZ emphasized that he does not want most meme coin hype creators to overly focus on himself and any single tweet; on the other hand, he will not stop tweeting because of attention received (this is his freedom).
Regarding the market:
· The short-term market outlook (the next 3-4 months) cannot be accurately predicted, “even the U.S. president may not be able to predict it.”
· The altcoin season will definitely come, the market has cycles, and the future will not only revolve around BTC trading (BTC only has store-of-value, no smart contracts). Public chains, applications, and infrastructure will still have a stage in the short term.
· CZ remains optimistic about Bitcoin in the long term, “$200,000 will come sooner or later, and currently, there is no top in sight”.
· The BNB ecosystem is solid, proud of having a large and active ecosystem of builders. CZ himself still holds a large amount of BNB and believes that there is still great price potential, but he will not provide a specific target price.
Investor Advice:
· Strongly advise against beginners participating in contract trading, as the losses from volatility and leverage can be very significant. He emphasized multiple times that “investors should conduct their own research and be responsible for their decisions”.
· In addition, CZ believes that the prediction market is a long-term trend, but it is still in its early stages. Taking Polymarket as an example, the platform currently only has one or two capable liquidity providers, and they are mainly focused on the sports section. The future faces uncertainties from various countries’ regulations and competing players in the field.
· Regarding X platform’s potential support for cryptocurrency investment, CZ stated that users on the Binance platform have already completed KYC and can directly participate in trading. However, with the smart asset tagging that X platform is about to launch and the potential trading features it may support, X platform users may need to go through a KYC process.
