"I sold my apartment to buy Bitcoin" Binance CEO - AutoTrading Strategies

Trading News

Read The Latest News & Analysis

“I sold my apartment to buy Bitcoin” Binance CEO

Binance CEO
Share on:

Binance CEO Changpeng Zhao just wants to keep crypto. He elucidated on his love for cryptocurrency in a recent interview with Bloomberg.

Cahnagpeng Zhao is the most influential person in the crypto space. His company Binance is a leading crypto exchange around the world. Changpeng Zhao (or CZ) is very active on Twitter. Accordingly, his comments are sought after by the crypto community.

CZ made it to the cover of Forbes magazine as a member of crypto’s secret billionaire club in 2018. Bloomberg Markets again recently interviewed CZ. Here are the highlights from the interview.

Bullish on Crypto

CZ is extremely bullish on cryptocurrency. He said that close to 100% of his net wealth is locked in crypto.

I don’t own any fiat, the physical stuff that I own is probably negligible in terms of my net worth. So this is a concept shift. I’m not using crypto to buy fiat, I’m not using crypto to buy houses. I just want to keep crypto.


The crypto CEO only cares about the liquidity of an asset. He doesn’t own any physical assets like a house or a car because of no liquidity.

I’m one of those guys who value liquidity much more than owning something.


CZ also elucidated the plans regarding the future of his company. He told the interviewer about the Binance Card.

Binance Card is actually the first product that we envision as the Binance Pay suite of products.

Merchants will be allowed to accept payments in crypto and stablecoins through Binance pay products.

Moreover, Binance is planning to do 20-30 acquisitions a year. The company seeks strong teams that are already doing well. Recently, Binance acquired the coinmarketcap.

Also Read: Detailed Review of Binance Exchange


Binance CEO is a true believer in cryptocurrency. He sold his apartment to buy bitcoin in the early days of the currency. The borderless nature of BTC attracts him the most.

The network mentions it… not limited by any person or intermediaries.

Recent News

crypto market

Dogecoin is Everywhere on Dogeday

People bought dogecoin as a joke They are now getting returns in both hands Dogecoin is consistently on the rise ahead of Dogeday  Dogecoin is everywhere, thanks to the

crypto market

Britcoin: UK Government Considers Launching Digital Currencies

UK government is exploring the arena of digital currencies The country is considering the launch of digital currency, which the chancellor of the exchequer touted as

crypto market

What Stands in the Way of Crypto Mainstreaming?

Coinbase listing had all the vibes of crypto mainstreaming However, the ground reality suggests that crypto has a long way to go for solidifying its position as a mainstream

crypto market

Bitcoin Market Went From 59,000 to 52,000 in Minutes

Bitcoin market nosedived on April 18th after news of hash rate crash and rumour of  US treasury's impending action against financial institutions involved in money laundering

Let's Chat