CZ Chinese AMA Summary: I don't want meme coin hype to chase after my and He Yi's tweets. The clone season will definitely come.

On January 14th, CZ held a Chinese AMA tonight at CEX Square to answer recent community concerns. BlockBeats summarizes as follows:

Regarding meme coin speculation: · CZ stated that he likes meme culture (memes), but personally has little interest in trading meme coins. He prefers to focus on refining the underlying infrastructure of BSC to support user investment and trading needs. · Concerning the issue of “P Little General” monopolizing early chips, CZ said that this is to some extent a “manifestation of decentralization.” Early participants also bear risks, and subsequent buyers need to do their own research. CZ believes that at this stage, third-party intervention is unnecessary. · CZ mentioned that truly successful meme coins need to have “anecdotes or historical stories,” and only a very few can have real value. The failure rate of meme coins exceeds 90%, and investors need to be responsible for their own choices. CZ emphasized that he does not want most meme coin traders to overly focus on his or He Yi’s tweets; on the other hand, he will not stop tweeting because of attention (this is his freedom).

Regarding market conditions: · The short-term market (next 3-4 months) cannot be accurately predicted, “even the US President might not be able to forecast it.” · The clone season will definitely come. Markets have cycles, and in the future, trading will not revolve solely around BTC (BTC only has store of value, no smart contracts). Public chains, applications, and infrastructure still have a stage in the short term. · Long-term optimism for Bitcoin remains, “$200,000 will eventually be reached, and we cannot see the top now.” · The BNB ecosystem is stable, proud of its many active ecosystem builders. CZ still holds a large amount of BNB and believes the price potential is still significant, but he will not give a specific target price.

Investor advice: · Strongly advise beginners not to participate in contract trading, as volatility and leverage can lead to significant losses. He repeatedly emphasizes that “investors should conduct their own research and are responsible for their decisions.” · Additionally, CZ believes that market prediction is a long-term big track, but it is still in the early stages. For example, Polymarket currently has only one or two capable market makers, mainly focused on sports events. In the future, there will be uncertainties involving regulatory environments in various countries and competitors in the same track. · When discussing the X platform supporting crypto investments, CZ said that users on CEX Square have completed KYC and can directly participate in trading. The upcoming smart asset tagging and potential trading features on the X platform may require X users to go through a KYC process.