Binance Co-Founder Sends a Reminder, Is HODL The Only Key?

Binance Co-Founder Changpeng Zhao, or CZ, shared his previous X post to remind everyone about the holding method they can consider. Strategy (formerly known as MicroStrategy) CEO, Michael Saylor, earlier hinted that Bitcoin is indeed a flagship cryptocurrency and it must be in everyone’s consideration. That raises a question: Is HODL the key in the crypto market?

Photo by Michael Förtsch on Unsplash

Before this article proceeds, kindly note that the content is neither investment advice nor a recommendation to anyone. The crypto market is highly volatile, and final decisions must be taken after thorough research and risk assessment.

Changpeng ‘CZ’ Zhao, the Co-Founder of Binance, shared a post from 2021 on his X timeline. The post said that one cannot be rich if they cannot hold. This possibly hinted at the long-term potential gain that cryptocurrencies have. The purpose behind sharing it on his timeline in 2025 is that the strategy is still the same.

Meaning, if holding cryptocurrencies was important in 2021, then it is also important in 2025 for anyone who wants to be ‘rich’, or wants to make a decent margin from his or her investments.

That statement by Binance Co-Founder has gathered attention from the crypto community. Many members have come forward, saying that the market does test their patience, and another member saying that some things never change.

His statement, however, has also attracted those traders who have suffered losses over time. Such traders have said that they have been holding their tokens since 2021 and one cannot look at them without tears. For reference, the user has not mentioned what tokens they are holding and there is still a chance that the comment was published just for the sake of publishing it.

Binance co-founder has also shared his statement from 2021 at a time when BNB is struggling to mark upticks. The token is down by 5.64% in the last 24 hours, and 13.05% in the last 30 days, exchanging hands at $604.22. BNB’s 24-hour trading volume has declined by 17.54% and the market cap has taken a hit by 5.37%, according to data by CoinMarketCap.

BNB’s Changpeng Zhao is not the only influential figure with a supportive thought. Founder of Strategy (formerly MicroStrategy) Michael Saylor is equally vocal about holding cryptocurrencies except, he largely supports Bitcoin ($BTC).

He recently published a post on X saying that an investor’s strategy has to be powered by Bitcoin. This possibly stems from the fact that Strategy itself holds 471,107 BTC acquired for a total price of $30.4 billion at an average cost of $64,511 for every bitcoin — as of February 02, 2025.

In that X post, Michael said that the strategy should be to hodl Bitcon tokens. He published a post a day before asking his followers to never sell Bitcoin. To reiterate, activities in the crypto market should only be done after a thorough research and risk assessment, possibly after consulting a financial expert.

BTC is currently up by 0.90% in the last 24 hours, and is being traded at $97,432.10 which is up by 106.26% over the last year.

A reminder from Binance Co-Founder Changpeng CZ Zhao is that it is important to hold on to the digital portfolio if one wants to make profits. Michael Saylor’s Strategy is on a similar path of HODLing Bitcoin tokens. However, do consider research, risk assessment, and financial consultation before taking any decision.