CZ Chinese AMA Summary: Does not want meme coin hype to follow himself and Elon tweets, predicts market is still in early stage

On January 14, CZ hosted a Chinese-language AMA at Binance Square to address recent community concerns. Below is a summary from BlockBeats: ### **On Meme Coin Hype** CZ noted he’s fond of meme culture but has no personal interest in trading meme coins. He stressed the focus on refining BSC’s infrastructure to support users’ investment and trading needs. Regarding early token concentration with “Young Pioneers,” CZ said this is, in part, a reflection of decentralization. Early participants face risks too, and later buyers must do their own research. He added there’s no need for third-party intervention at this stage. CZ noted a truly successful meme coin needs “references and historical stories” — and genuinely valuable ones are rare. Over 90% of meme coins fail, so investors must take responsibility for their choices. He specifically stressed he doesn’t want most meme coin promoters to fixate on him or his tweets; that said, he won’t stop tweeting due to the attention (it’s his freedom). ### **On the Market** Short-term trends (next 3–4 months) are hard to predict accurately — “even the U.S. president can’t predict it,” he said. Altcoin season will definitely come: Markets have cycles, and the future won’t revolve solely around BTC trading (BTC is only a store of value, no smart contracts). Public chains, apps, and infrastructure will still have their moment in the short term. He’s bullish on Bitcoin long-term: “It will hit $200,000 sooner or later, and there’s no peak in sight right now.” The BNB ecosystem is solid, and he’s proud of its many active builders. CZ still holds a large amount of BNB and sees significant price potential — but won’t give a specific target price. ### **Investor Advice** He strongly discourages new investors from trading contracts: Volatility and leverage can lead to big losses. CZ repeated multiple times: “Investors must do their own research and take responsibility for their decisions.” Additionally, CZ thinks prediction markets are a long-term trend but are still in early stages. For example, Polymarket currently has only one or two capable market makers, focused mainly on sports. The future faces uncertainties from national regulations and competition in the space. On X’s potential to support crypto trading, CZ said Binance users who’ve completed KYC can trade directly on the platform. But with X’s upcoming smart asset tagging and potential trading features, affected users may need to complete KYC.