Changpeng Zhao (CZ), CEO of Binance, has opined to followers that trading based off “other rich people’s tweets” is no way to get rich.His tweet, issued on June 5, read “If you follow a rich crazy randomly swinging person’s tweets to trade, you will end up not rich.”
It was an elaboration on another tweet CZ issued several hours earlier on June 4, in which the CEO stated he knew “zero rich people that became rich because they did things according to other rich people’s tweets.Followers saw this as a veiled swipe at Tesla CEO Elon Musk, whose social media activities have become synonymous with the rises and falls of several cryptocurrencies this year. More specifically, the growth of Dogecoin (DOGE) and the decline of bitcoin (BTC). Some experts, such as FOX Business’ Stuart Varney, have referred to Musk’s effect on the crypto market as “manipulation.”
CZ made his opinion on Musk’s activities clear in an another June 4 tweet, stating “Tweets that hurt other people’s finances are not funny, and irresponsible.
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Topic: Binance CEO Warns Against Following Tweets to Trade (Read 73 times)