CZ of Binance recently disclosed in an interview that although he does not own any other cryptocurrencies, he has held bitcoin since 2014.
Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange, has disclosed that he has a personal bitcoin holding.
CZ said in a recent interview with the Associated Press that, although a substantial portion of his net worth is made up of Binance Coin (BNB) assets, he retains some Bitcoin (BTC) that he acquired shortly after Bitcoin’s birth.
Binance CEO Changpeng Zhao revealed that he purchased an unknown quantity of the principal cryptocurrency in 2014. While he had spent some of them over the years, he observed that he still had the majority.
“In 2014, I purchased some bitcoins.” I spent a little portion of money over time, but kept the majority. “I made no sale,” he said.
Despite the many events that have occurred in the cryptocurrency market over the last seven years, including bitcoin hitting new all-time highs (ATH), CZ maintained a reasonably solid decision to HODL his BTC bag.
Surprisingly, despite his role as CEO of the world’s largest cryptocurrency exchange and his interactions with several crypto projects, coins, and tokens, CZ confessed that his investing portfolio is not extremely diverse.
The CEO said that he owns no other coins outside the bitcoins he acquired seven years ago and his BNB holdings, which comprise the majority of his portfolio.
Additionally, CZ said that he has no personal stake in any crypto or non-crypto enterprises in order to prevent any possible conflicts of interest.
“Personally, I don’t own any other coins,” he said. Personally, I do not own any other cryptocurrency or non-crypto project. I do this consciously to avoid possible conflicts of interest.”
Binance has received a flurry of warnings and punishments in recent months from a variety of financial authorities across the world.
Undeterred, CZ announced earlier in July that the exchange is working to make required improvements to regain compliance with authorities and get licences in all jurisdictions.
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