At the end of 2021, with a net worth of US$90 billion, Changpeng Zhao surpassed Zhong Luosui, chairman of Nongfu Spring, who was originally number one on the list, and became the richest Chinese man, and ranked among the top 10 richest people in the world.
As soon as the news came out, the Guoguan crowd was shocked... Who is Zhao Changpeng? Why is he the richest man?
I haven't heard of this name. Aren't the richest Chinese people always topped the list by Zhong Yuyu, Zhang Yiming, Ma Huateng and others?
Cheng Lan has been reading the biography of Musk recently, and feels that every awesome person in the world must have something worth talking about.
So today, let’s talk about the leading figure in the crypto world, Zhao Changpeng (CZ)
Stud is an art
Zhao Changpeng’s rise to wealth has a long history, so Dayu will condense the two most critical moments in his life.
Changpeng Zhao first learned about Bitcoin from a poker friend in 2013, and he began to immerse himself in several different cryptocurrency projects.
He sold his house in Shanghai in 2014 and invested all his money in Bitcoin at a price of $600.
Cheng Lan believes that Soha is an art.
Because just one year after Zhao Changpeng went all in on Bitcoin, Shanghai housing prices doubled and Bitcoin was cut in half.
If we look at it from the perspective of 2014, Zhao Changpeng looks like a complete idiot.
In an era when not many people had even heard of Bitcoin, Zhao Changpeng not only went all in, but also lost a lot of money.
But if you want to know why he succeeded, it’s because he has courage.
In the 14 years since Bitcoin was cut in half, CZ said in an interview: "Cryptocurrency looks new and cool, just like 20 years ago.
internet.
In 2014, the lowest price of BTC was only 270 US dollars. This may be the pattern.
Most successful investors have a stop loss in their strategies, but CZ
No, he was sure of the prospects and future of cryptocurrency and left no way out for himself.
In the following three years, Bitcoin ushered in a slow bull market, with the price slowly rising to a peak of $17,000.
Cz, the "gambler", made his first fortune with his faith and courage.
You said that Cz's success through "all-in" and "gambling" can be replicated?
Cheng Lan thinks it's okay.
But how many people can afford to sell their house, go all in, and wait three years or even longer?
What's more, you may also experience a collapse in cryptocurrency prices and other situations. Thinking about it, very few people can accept it.
But this is not Cz's most successful time. Because next, he will start his roller coaster of wealth.
From zero to 10 billion, it only takes half a year
As we all know, the contemporary Internet economy is the most profitable. Everyone is almost sick of hearing stories about major anchors making millions a day selling goods.
Let’s go back in time to 2017.
At that time, Cz took half a year to earn his first 10 billion from scratch.
If we average it out, Cz's daily earning power will be about: 55 million
Maybe you don’t have a clear idea of what numbers mean, so I’ll give you an example:
It is equivalent to you getting up in the morning and buying a large flat of more than 200 square meters in Jing'an District, Shanghai.
Then I went out in the afternoon and bought a Fonziermos.
At the end of the night you will have some money left over to buy a small yacht.
In July 2017, Zhao Changpeng and his team founded the digital currency trading platform Binance, officially starting his "rush" journey in the cryptocurrency circle.
In just half a year, Binance has 6 million users, becoming the world's largest
Cryptocurrency exchange and remains the industry leader to this day.
This time, Cz felt that the crypto bull market was about to come, so he decisively established the exchange.
This time, he made the right bet again.
In just half a year, Bitcoin rose from $2,500 to $17,500, and the crypto market ushered in one of the few carnival moments.
Timing, ability, luck, courage. Cz is indispensable.
Until now, according to statistics, as of the end of 2022, Binance has more than 1.2 billion users and a daily trading volume of tens of billions of dollars, making it the world's largest cryptocurrency exchange.
BNB, the cryptocurrency issued by Binance, is the fourth largest cryptocurrency in the world in terms of market capitalization.
Although CZ and his Binance have experienced a lot during this period,
"Dark Moments", various regulatory events of all sizes, FUD, collapse, and reserve fund crisis.
But he survived and grew and thrived through one storm after another.
Perhaps, this is the power of faith.
