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CZ Responds to the large number of Binance listed projects that have underperformed: Most projects in any market will ultimately fail; retail investors should focus on fundamentals
According to BlockBeats news,September 26,Binance founder CZ said, when asked on the "When Shift Happens" podcast why so many projects listed on Binance ultimately disappoint investors, that by number of projects, most projects in any market or industry will ultimately fail. The internet sector once had millions of companies, but perhaps only hundreds have truly succeeded today, with even fewer having significant influence;AI industry may see similar outcomes. However, the small number of successful projects may achieve enormous success.
Regarding tokens being made available to the public, allowing retail investors to participate early while also potentially incurring losses,CZ said that this openness has both advantages and disadvantages. He does not agree with preventing ordinary people from participating in early-stage investments through accredited-investor restrictions, believing that this could cause some people to lose opportunities to obtain early-stage investment returns. His personal philosophy is to provide the public with investment access and relevant education, then let investors make their own decisions.CZ also said that retail investors can profit in the crypto market, but all market participants need to maintain balance. Projects that attract investors through false promises, excessive promotion, or easily misunderstood wording may profit in the short term, but harm users' interests. The industry needs to encourage founders to act responsibly, help users learn to assess projects, reduce reliance on market hype and marketing, focus more on fundamentals, and gradually improve regulatory systems such as information disclosure.
He believes that projects relying on excessive marketing for short-term gains will struggle to endure over the long term. Ultimately, the platforms or projects that can continue to develop will be those that build steadily and have fundamental support, and the market itself will develop a screening mechanism.
Original link https://m.theblockbeats.info/flash/369136