Cryptocurrency Changpeng Zhao (CZ), CEO of the exchange Binance, gave some details about his personal wealth in his statement.
Binance CEO: “I Have No Cash and Gold”
Answering a follower’s question “whether he is protecting the dollar from depreciation by converting his cash wealth into precious metals such as gold”, Zhao said he does not own any cash.
In addition, CZ stated that the precious metals side is not suitable for him because he travels a lot and these precious metals weigh too much.
No, I don’t have cash holdings.
Not a metal guy either. I travel too much. They are too heavy.
— CZ 🔶 Binance (@cz_binance) March 24, 2023
Speaking on Twitter, CZ commented on a follower’s post in a separate tweet. Pointing to the banks that have collapsed in Europe and the USA recently, stating that there are only two assets that have risen in this process, and that these are gold and Bitcoin, CZ replied, “Bitcoin is big gold”.
Changpeng Zhao, one of the most recognizable names in the crypto money world, stated in his previous statements that he only holds Bitcoin and BNB as crypto money. When asked why he did not invest in other altcoins, Changpeng Zhao stated that he did not have time to research on this issue as the reason.
In another statement he made a while ago, Zhao made the following statements about his personal wealth:
“I bought some Bitcoin in 2014. I spent some over time, but kept most of it. I didn’t sell. The other asset I hold, which makes up the majority of my net worth, is BNB. I personally do not hold any other coin.”
*Not investment advice.
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