.cz_binance claims that he hasn’t sold his Bitcoin and Binance Coin holdings
, Binance CEO Changpeng Zhao has revealed that he hasn’t sold any Bitcoin or Binance Coin to showcase his strong conviction.
The prices of the two aforementioned cryptocurrencies are down 70.85% and 65.86% from their respective all-time peaks, according to data provided by CoinGecko. with Associated Press, Zhao claimed that he had bought Bitcoin back in 2014 after selling his house. The price of Bitcoin dropped from $600 to $200 shortly after his purchase, but he didn’t sell his coins at that time.
Zhao also said that the Binance Coin, the native token of the top crypto exchange by trading volumes, represented the majority of his net worth back then. Apart from that, he’s a “decent-sized” shareholder in the exchange. According to the Bloomberg Billionaire Index, Zhao is worth $18.7 billion, which makes him the 77th richest person on the planet. His net worth has suffered a whopping $77 billion drop due to the dire state of the cryptocurrency market.
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