CZ's Latest AMA: Buying 'My' Meme Coins Is Doomed to Lose Money, Long-Term Wins Are the Real Wins
CZ, founder of Binance, shared his insights on various topics in a recent AMA. He warned that buying meme coins created based on his tweets is almost guaranteed to lose money, emphasizing that only those with strong cultural backing and communities, like Dogecoin, tend to last. CZ avoided predicting short-term market movements but expressed long-term optimism for crypto, citing supportive U.S. policies and the growth of stablecoins and RWA tokenization.
He advised developers to ignore price volatility and focus on building useful products, while projects should maintain clear communication with their communities. On regulation, he views any clarity, even through compromised bills, as positive. CZ also discussed his personal drive, stating he is motivated by health, family, and contributing positively to society rather than wealth.
Other key points include: the importance of real-world asset tokenization, AI and crypto integration (with payments being the easiest use case), the coexistence of CEXs and DEXs serving different users, and Binance's significant efforts in emerging markets like Africa. He recommended ignoring FUD and protecting mental health by blocking noise. Finally, he shared progress on his educational project, Giggle Academy, which has over 150,000 registered users.
marsbit14h ago
