.cz_binance remains undeterred by the cryptocurrency crash
, CZ has tried to assuage investors' concerns by claiming that the drop will be nothing more than a blip on the radar in a couple of years.
The world's richest cryptocurrency mogul, whose net worth is estimated to be $17.7 billion, recalled that Bitcoin has already endured several major crashes in the past. CZ also urged investors to control their emotions. Those who succumb to panic should consider reducing their positions if they cannot handle too much risk.
Earlier today, the price of Bitcoin slipped below the $30,000 level for the first time since July 2021. The massive selloff was exacerbated by the implosion of Terra, one of the hottest blockchain projects. After its flagship UST stablecoin lost its peg and plunged below $0.70, the LUNA token collapsed by more than 60%.
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