Zhao Changpeng: "Beware of Ignorant Buying of Memecoins"

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Binance founder Changpeng Zhao (CZ) shared his stance on investing in memecoins and the current cryptocurrency market during a Binance Square Live AMA. He stated, "The long-term performance of memecoins depends more on cultural identity and a loyal community than on short-term interest. Individual investors should be cautious when investing in memecoins and avoid simply buying them after a trend." Regarding the cryptocurrency market, he added, "The cryptocurrency market is difficult to predict due to various variables. However, the current US government's pro-cryptocurrency policies could have a positive impact on the market in the long term."

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