"Bitcoin Wealth Is Not Luck but the Result of Holding On" — Changpeng Zhao

# Binance’s Former CEO Changpeng Zhao Attributes Bitcoin Wealth to HODL Strategy, Not Luck Changpeng Zhao, the former CEO of Binance, emphasized that those who became wealthy through Bitcoin did so not by luck but as a result of their commitment to the HODL strategy. On October 10, Zhao took to X to express his views, stating, “People say he was so lucky to buy Bitcoin so early. Well, what you’re feeling now is the pain we had to endure multiple times before.” This underscores that individuals who amassed wealth through Bitcoin endured several episodes of price declines akin to the current ones. Zhao further remarked, “HODLing is never an easy task.” He argues that the current drop in Bitcoin prices is not indicative of a trend reversal but rather a temporary correction.