Changpeng Zhao, better known as CZ, is the CEO of the world’s largest cryptocurrency exchange Binance, revealing the contents of his digital wallet.

CZ Bought Bitcoin in 2014:

Speaking in an interview Speaking with the Associated Press, CZ noted that although a large percentage of his net worth is made up of Binance (BNB), he still has some bitcoin that he bought a few years after the bitcoin launch.

The head of Binance has admitted that he bought an unknown amount of the underlying cryptocurrency in 2014.

Although he has spent a portion of it over the years, he notes that he still keeps most of it to this day.

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Urge tell what it means:

I bought some bitcoins in 2014.

I spent a few of it over time, but I kept most of it.

Despite the many different events within the crypto space over the past seven years, with bitcoin hitting all-time highs, CZ maintained a strong HODL decision for its bitcoins.

“CZ” stated: I do not hold any other cryptocurrency

Surprisingly, despite being the CEO of the largest cryptocurrency exchange and interacting with various crypto, coin and token projects, CZ admitted that his investment portfolio is not very diversified.

The CEO revealed that he does not hold any other coins except the bitcoins he bought seven years ago and his holdings of BNB, which make up the bulk of his portfolio.

CZ also noted that it has no personal ownership rights in any crypto projects, as it aims to avoid any potential conflicts of interest.

Commenting on it, he said:

I personally do not own any other cryptocurrency…

Also, I do not own shares in any other project, whether in the field of crypto or other and I do not have other cryptocurrencies.

Read:Bitcoin’s correlation with stocks drops to record levels in 2022

I do this on purpose because I don’t want any potential conflict of interest.

Binance is seeking a license everywhere:

In recent months, Binance has received a lot of warnings and penalties from various financial regulators around the world.

CZ said earlier in July that Binance is looking to make the necessary changes to get it back on track with regulators and enable it to obtain a license everywhere.

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