Converting the SAFU fund to Bitcoin: A bold move or hidden risks?
While the news of Binance buying Bitcoin sounds very exciting, investors also need to have a multifaceted view to protect their wallets. The story goes that converting an entire risk compensation fund worth 1 billion USD from stablecoin to Bitcoin – an asset known for its high volatility – is quite a risky move. If the market happens to enter a deep decline, the value of this user insurance fund will also significantly decrease according to market prices. #anhbacong
Retail investors need to stay alert: Binance plans to complete this roadmap in the next 30 days, which means buying pressure will be spread out. Don’t rush to "jump on the train" blindly with excessively high leverage just because you see them accumulating assets. The story goes that you should observe how they implement the plan instead of just looking at the total figures. Protecting your capital remains the top priority before dreaming of enormous profits with the exchange. $BNB $BTC
