Compiled by: Frank, Zen, PANews

On the evening of April 6th, CZ unexpectedly appeared at the BNB Chain Super Meetup in Hong Kong, engaging in a candid fireside chat with community representative "Master Brother from Down Under". Facing the current MEME coin frenzy, faith division, and market volatility, CZ frankly stated that "chasing on-chain meme should not be the only thing in crypto".

"IF You can't hold, You won't be rich" - This classic quote from Binance founder CZ has influenced countless investors, but in the new cycle, the HODL strategy seems to be facing challenges. In this in-depth dialogue with the Hong Kong community, CZ publicly analyzed BNB Chain's development bottlenecks, MEME coin community controversies, and his expectations for the industry's "healthy ecosystem". He emphasized that "quick money and slow money need to be balanced", drawing a survival rule of risk and opportunity for investors.

CZ: I think it's actually even less than that. I feel that BNB Chain hasn't done enough in the entire ecosystem. When I was the Binance CEO before...... I spent more time on it. As for the BNB Chain, we didn't want it to develop according to a specific plan, but rather let the community develop it. In the past one or two years, I have spent more time on matters in the US, and my attention to BNB Chain was insufficient. This also led to the fact that although meme coins have maintained their heat over the past year, BNB Chain basically did not participate.

BNB Chain has slightly recovered in the short term, but the degree is far from enough. I think no matter what the next hot spot is, this kind of thing (negligence) will not happen again, and the entire BNB Chain community will definitely seize it. There are still many things that can be done, and I believe that AI, DeSci, and other fields will develop well in the future.

To be honest, BNB Chain started with limited resources, and its initial attention was not as high as Ethereum's. In the past year, I have been busy dealing with compliance and other matters in the US. However, BNB Chain is currently developing okay, just not fully realizing its potential. We will further invest in infrastructure, Dapps, and DeFi going forward. This ecosystem cannot be achieved overnight and requires continuous cultivation. We also hope that more developers are willing to come to BNB Chain, and I believe there will be more opportunities in the future. Today, when I met with 16 projects from MVB, there were all kinds of ideas that can be done.

Master Brother from Down Under: You have done a lot in the meme area recently and have been learning. **Let's talk about Meme coins again, such as the recent PVP. Many people think it's a short-term frenzy, while others think it's a community trend. What do you think?**

CZ: I can tell everyone that my learning in the meme area has had some failures and caused many problems for the community. Because I didn't understand enough myself, when everyone said "post dog photos", I thought about whether posting dog photos could attract some traffic and create some topic heat, which would be fun. But later I discovered several mistakes, including what the community told me - once I point-post a few photos, everyone knows there will definitely be hundreds of meme coins released together, causing severe PVP.

After causing PVP, the community hoped I would choose one (memecoin), but this is difficult. I feel it shouldn't be me choosing, but the community. I think Meme coins have their community heat, but they come and go quickly. Sustainability depends on how the community develops later. We (Binance) will principally support things with high community heat, but will also look at whether it's legal, compliant, and valuable.

I'm not sure if memecoin will be as hot as before. Many say there are meme coins with a market value of over $1 billion on Solana, but BNB Chain hasn't produced one yet. But at this stage, can another "$1 billion market value" emerge on Solana? I don't know, I think that's also difficult. So we still want to support the community - if the community's heat is there, we'll support it; if the community shifts to something else, we'll shift too.

My starting point is to always work hard to support builders and be a true long-term builder. I'll also interact with the community and interact with fun projects. As for how far this meme coin wave will go, I really can't see clearly. I personally don't trade coins, I don't buy memecoins, and I've never bought NFTs. I strongly support this industry, I want to build its infrastructure, and I'm very optimistic about this foundation, but I won't be the person buying and speculating.

Master Brother from Down Under: **I see you often on Twitter, looking at suggestions or evaluations people give you. Will you adopt everyone's suggestions?**

CZ: Now I have more time, so I browse Twitter more. Of course, it depends on the specific situation. Like today I have a meeting, so interaction time is relatively less. It's normal to have positive and negative comments. I personally won't mind too much, but will look at whether they're constructive. If it's cursing or false information, we might moderately clarify. I hope more to hear the community's actual thoughts - whether praise or criticism, it helps improve. We will adopt them; some suggestions we've seen are quite constructive. I look at Twitter a lot, but less on WeChat groups.

Master Brother from Down Under: **Do you feel upset when you see negative comments on Twitter?**

CZ: Actually no, I have thick skin. When seeing criticism, I believe I can't be too upset, and must calmly understand and learn why others criticize, grasping the essence of their criticism. So we don't need to take ourselves too seriously - whether others scold you or praise you, don't care too much.

Master Brother from Down Under: **Last few questions: Is it a good time for newcomers to enter the crypto space? How can they avoid risks?**

CZ: I think it's never too late to enter the space, but it depends on how you enter. The most important thing is to understand the project's fundamentals and not fantasize about getting rich overnight. Newcomers should focus on basics and understand that things promising tenfold or hundredfold returns overnight can lose money quickly. Newcomers shouldn't put too much money in - start with small amounts, which makes results more acceptable. Consider dollar-cost averaging (DCA), choose mainstream coins, and don't go All In. Also, keep a balanced mindset - once you enter, accept its volatility and don't be affected by short-term rises and falls. The industry is still early and needs time to build. If you believe in long-term value, you can hold. Long-term, the industry's development is not a problem, but short-term volatility will be very strong, so everyone must pay attention to risks.

Master Brother from Down Under: **What book are you reading now?**

CZ: I'm reading a book about Nvidia, 'The Nvidia Way'. I think the book is written quite well and shows how others start businesses.

Master Brother from Down Under: OK, our time is almost up, **do you have anything else you want to say to the community?**

CZ: I just want to tell everyone to focus on fundamentals and long-term building. Short-term speculation can exist, but you must assess risks yourself. The crypto space is a high-volatility industry, especially DeFi and Meme areas which are quite unstable. I hope everyone can participate in a healthier and more rational way. We will continue to invest in the industry and provide more support and services to the community.

Master Brother from Down Under: Good, thank you CZ. That's about it for today, thank you very much for accepting the interview.