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## CZ from Binance: I am not planning any fresh Crypto Initiatives
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Changpeng Zhao (CZ), the co-creator and previous Chief Executive Officer of Binance, has expressed explicitly: he will not be initiating any novel crypto endeavors in the near future. Instead, he is dedicating himself to backing existing developers in the sphere.
In a recent post on X, CZ underscored the importance of originality and progress within the present crypto environment. He specifically mentioned that his immediate strategies do not entail establishing a new exchange or any other innovative crypto undertaking.
## Dedicating to Backing, Not Novel Initiatives
This declaration emerged in reaction to a remark from a crypto aficionado on X (previously Twitter). The user, @Cryptoking, reminded CZ of Binance’s beginnings in 2017, when numerous individuals assumed the marketplace was oversupplied and there was “no space for another exchange.” Despite the doubt, Binance surfaced and swiftly evolved into a prominent platform.
However, CZ explained that he is embracing a distinct strategy this instance. Instead of constructing something innovative from the ground up, he intends to aid other business owners and initiatives presently functioning in the crypto sphere. “I am not commencing a novel initiative,” he declared. “I will assist other creators.”
This implies CZ is aiming to utilize his understanding and assets to mentor and bolster the upcoming cohort of crypto innovators, rather than directly contending with them.
> Let’s execute this for DeFi currently. 😆
> Individuals will express, isn’t it somewhat overdue currently?
> Individuals likewise expressed in 2017 that there was no space for another exchange.
Thats it. I won’t be starting any fresh ventures; instead, I’ll focus on assisting other creators.” – Changpeng Zhao (CZ), Binance (BNB), February 27, 2025.
## CZ Forecasts Czech Central Bank Representative Expresses Uncertainty About Bitcoin’s Enduring Strength
CZ spoke to the crypto world earlier this week, conveying his steadfast optimism amid a considerable market adjustment. Bitcoin, the acknowledged leader in cryptocurrency, saw a dramatic 15.71% decline, dropping from a peak of $99,400 to roughly $83,800 between February 21st and 26th.
Bitcoin is presently exhibiting indications of rebound, rising by 3.19% and trading at $86,380 at the time of this piece. CZ also stated, interestingly, that he remained steadfast and did not liquidate any of his crypto assets during the recent slump. Diamond hands, without a doubt!
## Samson Mow: The Actual Bull Surge is Simply Beginning
Samson Mow, the head of JAN3, thinks Bitcoin’s future is bright. In a tweet he sent out earlier today, he advised the public to maintain composure and disregard any forecasts that Bitcoin would fall back to the $70,000 level.
> The true #Bitcoin bull surge is just getting off. Don’t be misled by the retreat and the calls for 0.07. Whenever there is a pullback, the “analysts” always think of a justification for why we could decline. – Samson Mow (@Excellion) February 26, 2025
He emphasized that there is always a chorus of experts providing justifications for why Bitcoin may decline further during market corrections. Pay no attention to the commotion, according to Mow!
