Very interesting
Changpeng Zhao (CZ), founder of Binance, recently shared a blunt yet thought-provoking view on the “get-rich-quick” mindset that has become widespread in the crypto market. In a Jan. 5 statement, CZ said he is frequently asked by the community what the “next big opportunity” will be in other words, which bet could deliver 10x returns in a short period of time.
His answer, however, is far simpler than most people expect.
According to CZ, when asked about opportunities, he has often replied: “Look at where I spend my time and effort. That’s the most important signal.” Still, most people ignore this and continue chasing overnight 10x gains. CZ stressed that this kind of blind pursuit carries a failure rate of 99.99999%, making losses almost inevitable.
His comments clearly reflect a long-standing reality of the crypto market, especially after repeated boom cycles driven by memecoins, trend-based tokens, and projects heavily hyped on social media. Many new investors are drawn in by stories of quick profits, while overlooking core fundamentals such as technology, team quality, business models, and long-term sustainability. The familiar outcome is that after sharp rallies, most assets collapse, leaving heavy losses for latecomers.
CZ himself is a textbook example of the opposite approach to short-term speculation. Long before Binance became the world’s largest crypto exchange, he spent years building expertise in financial technology, trading systems, and blockchain infrastructure. Rather than searching for “10x bets,” CZ focused on developing long-term foundations, from infrastructure and products to entire ecosystems. In his view, it is this commitment to real value, technology, and long-term vision that creates sustainable success, not the relentless chase for short-lived hype.
Sincerely,
Pele23