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

White House Wants to Regulate Crypto as a Matter of National Security

White House is set to present an executive order making it binding on federal agencies to regulate crypto as a matter of national security The US government tends to see crypto

crypto market

Richest Crypto Billionaire CZ has Assets Worth $96 Billion

Cryptocurrency has cultivated a new generation of billionaires The CEO of Binance exchange, Changpeng Zhao, is the richest crypto billionaire with his wealth amounting to $96

crypto market

Crypto Market Keeps Dropping on the Watch

Bitcoin reached $32K on Monday after significantly dropping over the weekend The whole crypto market went south following the pioneer cryptocurrency The sentiments of fear

crypto market

Multi-Million Dollar Crypto Scam: Pakistan to Investigate Binance

Federal Investigation Agency (FIA) of Pakistan has started a criminal investigation into a multi-million dollar crypto scam that involved people sending crypto funds from their

Let's Chat