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

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



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  1. tldr; Binance CEO Changpeng Zhao, one of the world’s third-richest crypto billionaires, said he doesn’t own much except crypto. “I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,” he said. Zhao added that it took him a while to ramp up his crypto portfolio.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I’d imagine a lot of that is in stable coins making eye-watering amounts on safe yields. The rich and wealthy who know how to stay rich and wealthy appreciate and understand the power of compounding over time.

  3. I always figured this was the case. I just assume every massive crypto company is backed by someone who put like $1000 in BTC in 2009 or 2010 and the funding came from massive crypto gains.

  4. I hope he at least owns his home outright. All eggs in one basket bad, or something like that.

    The “close to 0%” he doesn’t have invested in crypto, is probably worth more than the rest of us have put together. If not, he’s doing something wrong considering his position.

  5. I wonder if it’s in BNB. I would respect that if it were the case, even if he’s effectively trying to strangle ETH with his cloned shitcoin, but if he holds ETH and really believes in crypto that much then what the hell is with the hostile BNB shit?

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  7. Cointelegraph is a shit publication and you can’t trust a word they write.

    If true, it’s not exactly surprising. I mean the guy runs an exchange and a smart contract platform, so he’s going to be pretty bullish. Even if crypto drops 99% he could cash out and still be richer than most people by orders of magnitude.

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