Binance Boss Changpeng Zhao Refuses To Sell This Cryptocurrency Even Though The Cryptocurrency Market Plummets

Changpeng Zhao will not sell these two cryptocurrencies. (photo: dopk. Tokocrypto)

JAKARTA – Currently, the crypto market is still volatile. All cryptocurrencies have experienced significant declines in recent months. Even so, Binance CEO Changpeng Zhao revealed some of the cryptocurrencies he still holds despite the market crash.

This information was conveyed by the Binance boss in his Twitter post recently. The figure who is familiarly called CZ mentioned a number of cryptocurrencies that he still holds despite bad market conditions.

In a tweet, CZ admitted that he still keeps and will not sell his two crypto coins, namely Bitcoin (BTC) and Binance Coin (BNB). This confession demonstrates CZ's belief in the future of the two coins.

As data reports from Coingecko, the prices of both cryptocurrencies have fallen by more than 70% and 65% from their all-time highs (ATH) that the two have hit.

When interviewed by the Associated Press, CZ claimed to have sold his house for Bitcoin buybacks in 2014. After that purchase, the price of Bitcoin had fallen sharply to the level of 200 US dollars from the price of 600 US dollars per BTC that year.

Even though the Bitcoin price has fallen badly, CZ is reluctant to sell its crypto asset. Until now, Changpeng Zhao still maintains his Bitcoin deposits during his initial purchase.

In addition, the Binance boss also stated that the Binance Coin (BNB) he held represented a large part of his net worth at that time. For your information, BNB is the main coin in the Binance ecosystem.

According to the Bloomberg Billionaire Index, Zhao has a net worth of 18.7 billion US dollars, which makes him the 77th richest person on the planet. His net worth has decreased by $77 billion due to the dire state of the crypto market.

However, Zhao was not affected by the decline in the crypto market. Last month, Zhao estimated that Bitcoin could potentially touch $70,000 “within a few months or years,” he said.