CEO Changpeng Zhao Has ‘Close to 100%’ of Net Worth in Crypto

Binance founder and CEO Changpeng Zhao has nearly 100% of his net worth in crypto

CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto

“’I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,’ Zhao said in a Bloomberg interview on Wednesday.

He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net worth is invested in crypto, Zhao said:

‘I would say probably close to 100%. I don’t own any fiat. The physical stuff that I own is probably negligible in terms of my net worth. So, this is a concept shift. I’m not using crypto to buy fiat; I’m not using crypto to buy houses. I just want to keep crypto. And I don’t plan to convert my crypto into cash in the future.’”

https://cointelegraph.com/news/ceo-of-biggest-crypto-exchange-has-close-to-100-of-net-worth-in-crypto

 

Master Asked on April 7, 2021 in Cryptocurrency.
Add Comment