Binance CEO, Changpeng Zhao while speaking with the Associated Press, confirms the cryptocurrency he own. Of course, apart from Binance coin (BNB), is Bitcoin (BTC). Also, Zhao confirms he has Bitcoin in 2014 and still holds most of it.
Furthermore, Binance CEO also reveals his intention to give away “90, 95 or 99%” of his wealth.
Then, Zhao explains.
“I bought some Bitcoins in 2014. I spent a little bit of it over time, but I held onto most of it…”
“I did not sell. The other asset I hold, which is the majority of my net worth, is BNB (Binance coin)…”
So, Zhao continues.
“Personally, I don’t hold any other coins. I am a decent-sized shareholder in Binance…”
“I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders…”
“did from Rockefeller until today. I do intend to give away 90, 95, or 99% of my wealth.”
Furthermore, Binance CEO trusts in the power of crypto with regulations
Also, Zhao goes on to note that he does not understand meme currency such as Dogecoin. Also, claims the power of decentralization, mentions the high value of a meme coin in the decentralized industry. Then, goes on to explaining its liquidity saying,
So, Zhao explains.
“For something to be valuable, you only need one other person to want to buy it…”
“For something to have liquidity, you need a large number of people to want to buy it or sell it…”
“Once you have liquidity, a thing has value, according to the neutral market.”
Additionally, Zhao holds talks on crypto regulations, also with its popularity. Of course, on how crypto adoption can become a mass reality.
More so, as per the decades-old issue of crypto’s high volatility, Zhao argues that “everything is volatile”,
Lastly, “the larger the market value one’s asset is, the smaller the volatility. That’s just math.”