Zhao Warns Against All-In Bitcoin Bet: Focus on Dollar-Cost Averaging

Binance co-founder Changpeng Zhao remains optimistic about Bitcoin's long-term prospects but advises investors against going 'all-in'.

'I would not tell anyone to sell their apartment to go all in,' Zhao said, cautioning that if the property represents most of their wealth, they should instead practice dollar-cost averaging.

Zhao recommended allocating a small portion of income towards established cryptocurrencies, such as BTC and BNB, without compromising their lifestyle.

Despite his confidence in Bitcoin's growth, Zhao acknowledged its significant volatility and noted that the current market environment resembles the bear-market phase seen four years earlier.