CZ’s Humble Beginnings: From a $700K Loss to $60B in Net Worth
Three days ago, Nas Daily – posted a video featuring Binance’s CEO Changpeng Zhao (CZ). The 5-minute video demonstrated a glimpse of CZ’s life, his journey with cryptocurrency, and the beginnings of Binance. CZ makes an actual appearance in the video as Nuseir interviews and talks on his story.
The clip highlights the gentle beginnings of CZ before being the wealthiest person in crypto. The video begins in 2013 with CZ losing $700,000 as BTC’s price crashed 70%. Undeterred, he established Binance aiming to become a top 10 exchange in three years — accomplishing it in only six months. This paved the way for him to become the wealthiest man in crypto.
When asked about CZ’s net worth and how he felt about having so much money, the Binance CEO had the following to say: “I don’t think money is the most important factor. I don’t focus on that. I focus on building products that people will use — how to make that the most efficient, most impactful thing in the world.”
In a Twitter exchange under Nas Daily’s video, a viewer asked CZ if he ever sold when the market crashed by 70% in 2013. CZ responded with a simple “never sold”.
In recent news, it was revealed to the public that Binance committed to contributing $500 million to help fund Elon Musk’s takeover of Twitter. Binance is only one of 18 other companies that are funding the offer. The news has already seen a positive impact in projects like BakerySwap, Solis, gTrade etc in less than 2days.
I hope to have a story close to CZ’s. Quite inspiring.
Hes the richest person in Canada by about 55 billion dollars.
It’s not humble beginnings. But Binance has made my life a lot smoother and more enjoyable. Huge shout to CZ. And thank you Binance for making crypto smoother, simpler and better for us.
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Humble beginnings: sells his apartment worth 1 million USD
“Money is not the important thing”
-Literally every single rich person in existence….
“Humble”
That’s the thing about investment, you lose value most times but if you believe in what you hold or you doing, it comes back. My DCA investment in DVDX will pay off when the altcoin begins to rise again.
I think he also went all in on Bitcoin back when he discovered it. Must’ve made some pretty sweet gains if he hodl’d till now.
“Humble”
You don’t lose $700k without having at least $700k to begin with.
CZ is a known racist and snobby rich boy. Nothing inspiring about this fraudster.
A real scammer that guy