Binance CEO Changpeng Zhao continues to hold onto his cryptocurrency, recently predicting that the Bitcoin price will eventually recover to $70,000.
Despite the market turmoil, Binance CEO Changpeng Zhao continues to hold onto his cryptocurrency
In a recent tweet, Binance CEO Changpeng Zhao revealed that he did not sell any Bitcoin (BTC) or Binance Coin (BNB).
The prices of the two aforementioned cryptocurrencies are down 70.85% and 65.86% respectively from their all-time highs.
In a 2021 interview with the Associated Press, Zhao stated that he acquired Bitcoin in 2014 after selling his house.
Bitcoin price fell from $600 to $200 shortly after he bought it, but he didn’t sell his money at the time.
According to the Bloomberg Billionaires Index, Zhao is worth $18.7 billion, making him the 77th richest person on the planet. His net worth has been slashed by $77 billion due to the dire state of the crypto market.
Last month, Zhao predicted that Bitcoin is likely to regain the $70,000 mark “in a few months or years.”