Warning to All DeFi Cryptocurrency Investors in 2020 | CZ, founder and CEO of Binance | Interview
In this interview, CZ, the founder and CEO of Binance, discusses the risks associated with investing in DeFi (decentralized finance) cryptocurrencies. He warns that DeFi is an emerging technology and is still very new and largely untested. He notes that DeFi protocols can be extremely complex and that investors need to understand the risks before investing in them. CZ cautions that while DeFi can offer great opportunities, it can also be extremely risky and could lead to significant losses. He emphasizes the importance of doing thorough research before investing in any kind of cryptocurrency. CZ also recommends that investors only invest what they can afford to lose and to diversify as much as possible. He concludes by saying that investors should never invest more than they can afford to lose.
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