TL;DR Breakdown
- Changpeng Zhao reveals he holds on BTC, BNB.
- Says he invested in his BTC since 2014 and own no other coin or stake in crypto project.
- Binance seek to get legalized in all country it operates.
In what can be described as a surprise revelation, Binance CEO Changpeng Zhao has revealed that he only holds Bitcoin and Binance Coin (BNB) in his portfolio.
Changpeng Zhao revealed that he bought his stash of Bitcoin in 2014 and said a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings.
He revealed that from his Bitcoin stash, he has spent some over the years, but he still has most of what he invested in since 2014. “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,” he said.
Zhao said all these in an interview with Associated Press. The CEO’s story, although surprising, remains believable giving the position he holds in the crypto space. Despite the many different events within the crypto space over the past seven years, with bitcoin recording new all-time highs (ATH), Changpeng Zhao maintained a relatively strong decision to HODL his BTC bag.
Changpeng Zhao emphasizes he holds no other coin
Zhao admitted that his investment portfolio is not very diversified despite heading the biggest crypto exchange firm.
Beyond holding crypto coins, he also revealed that he has no stake in any other crypto and non-crypto projects, as he is aiming to avoid any potential conflicts of interest.
“Personally, I don’t hold any other coins… I personally do not own equity in any other project, crypto or not crypto. I do this very deliberately because I don’t want any potential conflicts of interest,” he said.
In other development, Changpeng Zhao revealed in a separate Bloomberg interview that amidst many regulatory Binance faces, they now push to get regulation in every country they exist. He said this is to bring the exchange on the same page with regulators in different countries.
