Changpeng Zhao, the CEO of Binance, is still holding onto his cryptocurrencies despite the turbulence in the market. Zhao, recently announced in a tweet that he hadn’t sold any Bitcoin (BTC) or Binance Coin (BNB) to demonstrate his firm belief. I still have the same amount of BNB & BTC. — CZ 🔶 Binance (@cz_binance) July 6, 2022 Changpeng Zhao Holds Onto Majority of his Initial Bitcoin According to CoinGecko, the prices of the two cryptocurrencies mentioned above are down 70.85% and 65.86% from their respective all-time highs. Zhao asserted that he had repurchased Bitcoin in 2014 after selling his home in a 2021 interview with the Associated Press. Shortly after his purchase, Bitcoin’s price fell from $600 to $200, but he didn’t sell his coins then. The CEO of Binance could hold onto the majority of his initial Bitcoin stockpile even though the biggest cryptocurrency has gone through many boom-and-bust cycles. Zhao also claimed that most of his net worth at the time was represented by the Binance Coin, the native token of the top cryptocurrency exchange by trading volumes. He is a “decent-sized” shareholder in the business aside from that. Zhao is the 77th wealthiest person on the earth, valued at $18.7 billion by the Bloomberg Billionaire Index. Due to the terrible status of the bitcoin market, his net worth has fallen by a staggering $77 billion. The most prosperous bitcoin businessman, though, is unconcerned about the bear ...
