Changpeng Zhao (CZ), a famous crypto entrepreneur, CEO and founder of the world’s largest crypto ecosystem Binance (BNB), calls himself a “crypto salesperson.” However, posting on Twitter, CZ says he never emptied his cryptocurrency bags. What cryptocurrencies does he keep in his bags? We have prepared it for the readers of Kriptokoin.com.
CZ, which does not sell crypto money, allows you to buy crypto money without being noticed
Changpeng Zhao explained on his Twitter account why he sees himself as one of the ‘crypto dealers’. He has repeatedly stressed that he never sells cryptocurrencies from his crypto purses.
, but announced that it does not sell cryptocurrencies directly. At the same time, Changpeng Zhao makes more people buy with his own ‘thin’ method. As we have previously covered in Cryptokoin.com news, Changpeng Zhao bought his first Bitcoins (BTC) in 2014 at an average price of $600 per cryptocurrency.
CZ claims not to sell their BTC since then. It can be said that it is a very satisfactory gain for an 8-year period, considering that the price of Bitcoin is currently around $ 40 thousand even in its reduced state. He explained this fact on February 25, 2021 by Michael Saylor, author of One Up on Wall Street, by commenting on a quote to prominent investor Peter Lynch:
By investors preparing for or trying to anticipate corrections, Much more money was lost than was lost.
What cryptocurrencies does CZ have in its portfolio?
He even sold his house in Shanghai to buy Bitcoin (BTC), according to some of the interviews CZ gave. This shows that CZ is a reckless investor. When it comes to portfolio allocation, Changpeng Zhao can be called a total crypto maximalist. However, CZ has repeatedly stressed that it has no nominal assets or real estate.
The Binance founder naturally owns mostly Binance Coin (BNB), while a significant portion of his portfolio is still in Bitcoin (BTC). Bloomberg states that Changpeng Zhao, who has a net worth of almost $100 billion, is the richest person in the crypto universe.
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