Binance CEO Changpeng Zhao Holds Same Amount of BNB and BTC
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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 market. Bitcoin might potentially retake the $70,000 level "in a few months or years," according to Zhao's prediction from last month.