Former Binance CEO Changpeng Zhao (CZ) shared his views on the cryptocurrency industry and warned that only a small percentage of participants will achieve long-term success.
CZ was responding to a post on X (formerly Twitter) by crypto influencer EmperorBTC, who analyzes the psychological landscape of market participants. “The bar for success in crypto is very low,” EmperorBTC said, arguing that most investors are ill-equipped to deal with the volatile nature of the crypto market.
According to EmperorBTC, 80% of crypto investors are simply “tourists,” entering the market excitedly and leaving when sentiment changes. Another 10% are making buying and selling decisions based on misleading influencers, while another 5% believe they are falsely projecting wealth. That leaves only the 5% who truly understand crypto, he claimed.
CZ weighed in on these statistics, suggesting that even among the 5% of so-called “insiders,” most have failed to outperform Bitcoin. “Even if there were a 5% who were true experts in crypto, most of them still wouldn’t be able to outperform Bitcoin,” he said.
He also noted that within this group, only 4% actively trade or allocate capital to blockchain projects, but they still lag behind Bitcoin’s long-term performance. CZ said that simply holding Bitcoin outperforms 99% of crypto market participants and even outperforms most traditional asset classes with minimal effort.
Despite Bitcoin’s dominance, CZ admitted that rising into the top 1% of crypto investors requires extraordinary effort, deep market knowledge, and constant work.
*This is not investment advice.
