Changpeng Zhao, the founder of Binance, has given a warning to crypto investors: don’t let greed take over, especially as cryptocurrency prices are soaring. Recently, Bitcoin (BTC) hit an all-time high, reaching close to $79,000. This price spike has also caused other major cryptocurrencies like Ethereum (ETH) and Solana (SOL) to climb.

Even though Zhao is no longer the CEO of Binance, he remains a key figure in the world of crypto. He’s been sharing advice about avoiding greed and putting too much focus on just one asset, reminding everyone that the crypto market is still unpredictable. His message comes at a time when Bitcoin is surging, but Zhao emphasizes the importance of managing risk.

While the market has been showing positive signs with big price jumps in coins like Ethereum and Solana, Zhao’s cautionary advice comes with a reason. He points out that what goes up can come down. Experienced investors know that strong growth often leads to drops, so they approach rising prices with caution and keep their risk in check.

After stepping away from Binance due to some regulatory issues, Zhao is back and re-engaging with the crypto space. He was even jailed for four months over concerns about Binance’s operations in the U.S., but now he’s free and speaking out again. He remains focused on blockchain and AI technologies and continues to shape industry conversations with his deep experience.

Zhao’s investment strategy stays consistent. He focuses on key assets like Bitcoin and Binance Coin (BNB). Reports suggest he owns around 94 million BNB tokens, giving him a net worth of about $61 billion. This makes him one of the richest people in crypto and shows his loyalty to Binance, even after stepping down as CEO.

Interestingly, this current wave of optimism in the crypto market comes just two years after the collapse of FTX. That event changed the crypto landscape forever. At one point, Binance and FTX were even talking about merging, but those plans were scrapped when fraud was discovered at FTX. Its founder, Sam Bankman-Fried, is now serving a 25-year prison sentence. Zhao acknowledges that the FTX collapse left a lasting impact on how investors view the market, making many more cautious than before.

In summary, while the crypto market is on an upward trend, Zhao’s advice is clear: manage your risks carefully and don’t let greed cloud your judgment. The market remains volatile, and history shows that big gains can quickly turn into losses if you’re not prepared.