Changpeng Zhao Says He Sold $900K Apartment to Buy Bitcoin for Around $400 Without a Job
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Changpeng Zhao sold his $900,000 Shanghai apartment to buy Bitcoin at approximately $400 in 2014 without a stable job. His investment conviction grew after six months of studying Bitcoin's white paper and engaging with its community, although Bitcoin had already risen significantly by the time he invested.
- CZ sold his $900K Shanghai apartment to buy Bitcoin near $400 despite having no stable job.
- Six months of studying Bitcoin’s white paper shaped his high-conviction investment move.
- That early Bitcoin bet came years before he founded Binance as a global exchange.
Changpeng Zhao has revealed that he sold his Shanghai apartment for roughly $900,000 to purchase Bitcoin during a major market downturn in 2014, despite not having a stable job at the time.
According to Zhao, his conviction in Bitcoin developed after first encountering the asset in 2013. He spent about six months studying the Bitcoin white paper and engaging with early community members before deciding to commit capital. However, by the time he felt fully convinced, Bitcoin had already surged from around $70 to above $1,000 in late 2013.
Read The Full Article Changpeng Zhao Says He Sold $900K Apartment to Buy Bitcoin for Around $400 Without a Job On Coin Edition.
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Changpeng Zhao Says He Sold $900K Apartment to Buy Bitcoin for Around $400 Without a Job
Share:
Changpeng Zhao sold his $900,000 Shanghai apartment to buy Bitcoin at approximately $400 in 2014 without a stable job. His investment conviction grew after six months of studying Bitcoin's white paper and engaging with its community, although Bitcoin had already risen significantly by the time he invested.
- CZ sold his $900K Shanghai apartment to buy Bitcoin near $400 despite having no stable job.
- Six months of studying Bitcoin’s white paper shaped his high-conviction investment move.
- That early Bitcoin bet came years before he founded Binance as a global exchange.
Changpeng Zhao has revealed that he sold his Shanghai apartment for roughly $900,000 to purchase Bitcoin during a major market downturn in 2014, despite not having a stable job at the time.
According to Zhao, his conviction in Bitcoin developed after first encountering the asset in 2013. He spent about six months studying the Bitcoin white paper and engaging with early community members before deciding to commit capital. However, by the time he felt fully convinced, Bitcoin had already surged from around $70 to above $1,000 in late 2013.
Read The Full Article Changpeng Zhao Says He Sold $900K Apartment to Buy Bitcoin for Around $400 Without a Job On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Franklin Templeton, Binance Launch Off-Exchange Collateral Program for Institutions