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Changpeng Zhao (widely known as CZ) has published a tweet to warn the community against various fake news related to the crypto space after the recent TON Golden Visa UAE project turned out to be fake news.
CZ issues major warning to community: DYOR
CZ posted a link to an article by the Khaleej Times, which refutes the recent report about the UAE regulator inking a partnership with the TON blockchain about the integration of the TON cryptocurrency into its Golden Visa program.
Initially, news reports stated that this initiative would allow immigrants to receive a 10-year visa by staking $100,000 worth of TON for three years and paying a regular visa fee of $35,000. Allegedly this was an attempt by UAE authorities to position the country as a global blockchain hub and attract crypto developers, investors and entrepreneurs.
CZ reminded followers that it usually costs $1,000 “in most major cryptos” to apply for a golden visa through an agent. “No guarantees, but if you are worth your salt, there is a high chance you will get it,” he said. CZ warned that it is crucial to “always wait for official sources before believing anything.”
The tweet that followed underscored that warning once again, stressing the importance of DYOR — “Do your own research.”
CZ goes back to his $1 million Bitcoin forecast
Last week, CZ publicly commented on his $1 million Bitcoin forecast, which he made back in April in Pakistan in an interview with the head of the local crypto council, Bilal bin Saqib.
Cornered with the question of whether Bitcoin is going to $1 million, CZ said he believed it was. However, he avoided giving any particular time frame for it, saying that it will hardly take place this year, but probably in “this cycle.” He reminded the community that the crypto space is still just starting, and good things take time to develop.
Last week, CZ commented on a post with his prediction, mentioning Bitcoin going to $1 million “this cycle.” He jestingly asked the author to define this vague term. Earlier today, BTC jumped close to the $110,000 level briefly as Elon Musk dropped a hint that if he creates a new political party, the “America Party,” it would definitely embrace Bitcoin since “fiat is hopeless,” according to his reply.
Vladislav Sopov
U.Today Editorial Team