Changpeng Zhao, CEO of the world’s most prominent cryptocurrency exchange, Binance, states that almost 100% of his outstanding net worth can be credited to Bitcoin (BTC) and BNB. As per his most recent interview with Bloomberg, Zhao explains that he is a guy who values liquidity more than actually owning something. He then added that he prefers to hold nothing, actually.
According to Zhao, he does not own any fiat currency. The present physical things he owns credit to almost nothing to his overwhelming net worth. He notes that he isn’t using any crypto to purchase fiat or any worldly possessions, such as houses and cars; he just wants to hold cryptos. In fact, Zhao says that he does not plan to convert his substantial holdings to cash any time soon.
While his approach to gaining and keeping wealth may seem unconventional to most, it is clearly working for him as he currently belongs to the top five wealthiest crypto personalities in the world today via the China Hurun Research Institute list with an estimated net worth of over $8 billion.
As of press time, BTC in the global market is currently priced at over $56,500 per token, while Binance’s BNB token trades in at about $370 per coin.