Changpeng Zhao announced that he is “one of those crypto sales guys.” What does this mean?
Renowned crypto entrepreneur Changpeng “CZ” Zhao, CEO and founder of the world’s largest cryptocurrency ecosystem, Binance (BNB), calls himself a “crypto seller”.
CZ makes you buy crypto in a “subtle way”
Mr. Zhao has taken to Twitter to explain why he considers himself one of those “crypto sales guys.” He repeatedly stressed that he never sold cryptocurrency from his bags.
However, he clarified that he does not directly sell cryptocurrencies. At the same time, Mr. Zhao is encouraging more people to buy in his “subtle” way.
As covered by U.Today previously, Changpeng Zhao bought his first Bitcoins (BTC) in 2014 at the average price of $600 per coin. He claims he has not sold since.
He disclosed this fact on February 25, 2021, commenting on Michael Saylor’s quote from prominent investor Peter Lynch, the author of One Up on Wall Street:
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
What coins are in the CZ wallet?
According to some interviews, he even sold his house in Shanghai to buy Bitcoin (BTC).
When it comes to portfolio allocation, Mr. Zhao is a crypto maximalist. He repeatedly stressed that he does not hold fiat assets or real estate.
He mainly holds Binance Coins (BNB), while the major share is still in Bitcoins (BTC).
With almost $100 billion net worth, Bloomberg recognizes Changpeng Zhao as the richest person in the crypto segment.
