Changpeng Zhao (CZ), former Binance CEO, has forecasted that only a small fraction of crypto participants will succeed long-term.
On March 17, CZ responded to an X post by crypto influencer EmperorBTC, who analyzed market psychology, stating, "The bar to succeed in crypto is very low."
He claimed 80% of investors are "tourists" swayed by news, over 10% follow "foolish influencers," and only 5% truly grasp crypto.
CZ noted that even among this 5%, most can't outperform Bitcoin.
"4% actively trade or work on projects but won't outperform Bitcoin. Holding BTC surpasses 99% of crypto participants and other asset types, by doing practically nothing," he said.
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