CEO of Largest crypto Market has’close to 100 Percent’ of net Value in crypto

Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and among the world’s leading crypto billionaires, does not possess much except crypto. “I am one of these guys who value liquidity far greater than owning something. I actually prefer not to possess anything,” Zhao said in a Bloomberg meeting Wednesday.He noted that different cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or even fiat holdings. When asked how much of his net worth is spent in crypto, Zhao explained:”I’d say probably close to 100%. I don’t own any fiat. The physical things that I own is probably negligible in terms of my net worth. So, this is a notion shift. I am not using crypto to purchase fiat; I am not using crypto to get houses. I only need to maintain crypto. And I don’t plan to convert my crypto into cash later on.” Zhao reported that he took him a while to creep up his crypto portfolio. After buying his original Bitcoin, the CEO was also in a huge hurry to sell his apartment that he purchased back in 2006 in Shanghai. “I sold my apartment to Get Bitcoin, and I also stopped my job,” he explained.” It’s possible to rent a home or stay in a resort — that gives you much higher liquidity,” Zhao added.The Binance CEO has claimed that he does not hold any fiat currencies. “I hold 0 fiat,” Zhao declared on Twitter in February, saying that he simply converts crypto to fiat for payments that may only be made out of traditional money.  According to statistics in China’s Hurun Research Institute,” Zhao is among the planet’s richest men in the crypto and blockchain industry, ranked the third-richest crypto billionaire using a total wealth estimated at $8 billion as of January 2021. 

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