CZ AMA Summary: The Chinese community should unite to expand international influence, and traders must form their own strategies

BlockBeats News, February 13, Binance founder CZ mentioned trading in an AMA speech yesterday evening: Meme traders need to form their own trading strategies, and meme coins that want to develop in the long term must have a strong cultural attribute. If you are a meme trader, you must form your own strategy. In addition, for a meme coin to survive in the long term, it must have a very strong cultural attribute. Coins like Dogecoin and Floki have a very loyal fan base. This bear market is different from before and does not necessarily follow a four-year cycle every time. Traders in a bear market need to carefully assess risks; in the long run, there will definitely be no problem with this industry.

CZ on industry builders: Developers should not be overly concerned about short-term market fluctuations, but coin issuance projects should continue to update and communicate with the community. Regardless of whether the market is up or down. In the long run, the market will grow, Bitcoin will perform well, major cryptocurrencies will perform well, and I believe that most mainstream public chains today will also perform well. In addition, project teams should focus on polishing their products, avoiding excessive comparisons with other projects. Long-term wins are the real wins. Serve users well, protect their funds, provide users with the lowest prices, the fastest speeds, and the best user experience. This is the most important thing, so everything else is noise.

CZ on himself: Compared to the "richest man" label, what is more important to me is the contribution to society and the world, which makes me feel good. I feel like I'm in a pretty lucky position. Because I have enough resources to do something influential. With enough ability, team, funds to do things, and I have time to invest. At my age, few people have this luxury - to do what they really want to do.

CZ on the Chinese community: The Chinese community should unite to expand its international influence. Recently, there have been many fake news stories, etc., which I think should all be done by Chinese competitors or friendly companies, so the Chinese community is not united enough now. Everyone should be more united, making the entire Chinese community's international influence bigger, which would be better. But often everyone is not united enough, and I can't do anything about it either.

CZ on RWA and prediction markets: RWAs are receiving keen attention at the national level, and prediction markets may see increased popularity during the World Cup. Every country I have contact with wants to tokenize some assets within their country. The World Cup is coming, so prediction markets may be very hot during the World Cup. Prediction markets will also be very hot around events like elections.

CZ on Crypto Adoption: CEX and DEX Will Coexist Long Term, fundamentally because they serve two vastly different user bases. Current global crypto adoption is either deeply insufficient, standing at less than 1%. Furthermore, the African market is a golden opportunity that any crypto firm or platform should not miss out on. YZi Labs has been very involved in Africa from the early days, and we want to do more.

After the AMA, CZ posted thanking all viewers of the livestream and acknowledging all the tippers. All proceeds will be donated to Giggle Academy. According to a screenshot shared by CZ, the livestream received approximately $18,000 in tips.