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Binance co-founder Changpeng “CZ” Zhao urged the cryptocurrency community on Monday not to “panic” over Bitcoin’s ongoing downturn, voicing confidence that the leading cryptocurrency will bounce back.
CZ Remains Bullish
In an X post, CZ noted that the current wave of fear, uncertainty, and doubt is temporary, even as “Bitcoin is dead” headlines proliferate and search interest surges.
Search interest for the term shot to its all-time high of 100 in February and has climbed back up strongly during the recent downturn, according to data from Google Trends.
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But CZ reassured cryptocurrency supporters, saying, “Bitcoin won’t be ‘dead’ for too long. Don’t panic, in large friendly letters.”
Bitcoin won’t be “dead” for too long.
Don’t panic, in large friendly letters.
— CZ 🔶 BNB (@cz_binance) June 9, 2026
The Binance founder has used similar calming language in the past. In February 2025, he wrote on X, “No need to panic, Bitcoin won’t die.”
No need to panic, bitcoin won’t die. 🤷♂️
— CZ 🔶 BNB (@cz_binance) February 26, 2025
See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
CZ’s Bitcoin Mantra
CZ, whose fortune is estimated at $109 billion, remains a prominent advocate for Bitcoin. He believes the best way to maximize returns amid Bitcoin’s erratic cycles is to sell when greed reaches its peak and buy when fear is at its highest.
Last year, he revealed that BNB made up over 98% of his cryptocurrency portfolio, with only 1.32% allocated toward Bitcoin.
His comments come amid fresh turmoil in the Bitcoin market, with the leading cryptocurrency tumbling below $60,000 to hit its lowest level since October 2024.
The downturn accelerated after Strategy—Bitcoin’s largest corporate buyer— reported selling some of its BTC holdings, undermining the “never sell” thesis that bullish investors had relied upon.
Photo courtesy: Koshiro K on Shutterstock.com
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