In the world of cryptocurrency, if anyone deserves to be called a 'legend,' it is Zhao Changpeng (CZ).
He is the founder of Binance and one of the richest people in the crypto industry, with personal wealth once reaching $63 billion.
However, the story of this billionaire is not a legend of overnight wealth but a victory of extreme execution and insight achieved step by step.
🧑🏫 The journey from a teacher's child to the world's richest.
CZ was born into an ordinary teacher's family in Jiangsu, China. Later, his family immigrated to Canada. As a young man, he studied during the day and worked at McDonald's and a gas station at night to help support the family.
His first 'formal job' was at Bloomberg, where he began to engage with the financial system and trading software.
Eight years later, he quit his job to start his own fintech company, Fusion Systems. During this time, he stumbled upon cryptocurrency, which completely changed his fate.
🧩 Crypto + Exchange = Binance
He keenly recognized the long-term potential of blockchain and quickly combined 'cryptographic assets + trading platforms.'
In 2017, Binance was born, raising $15 million in just a few days during its ICO.
In just 6 months, Binance rose to become the world's largest cryptocurrency exchange. Behind this is a system of thinking that meticulously controls technological efficiency, product experience, and market trends.
⚖️ Regulatory storms and turning away.
As the platform grew, regulatory storms followed.
From 2023 to 2024, CZ faced multiple lawsuits against U.S. regulators and was ultimately sentenced to 4 months in prison for 'insufficient anti-money laundering measures.'
He casually mentioned in the interview:
It wasn't a pleasant experience, but I had enough time to reflect.
Today, although CZ has stepped down as CEO of Binance, he still holds considerable wealth and has turned his attention to AI, biotechnology, and future technology sectors.
🧠 I have summarized his most noteworthy advice and predictions from various interviews:
🌱 1. Don't chase trends; aim to 'position yourself for the future.'
CZ continues to invest in AI and biotechnology, believing this is not a short-term narrative, but the core direction of innovation for the next decade.
He not only invests but also advises others to 'understand underlying trends' rather than chase emotional fluctuations.
🎯 2. Choose your track and focus on penetrating it.
Don't invest in everything; pick a few with potential, research deeply, and hold long-term.
He believes that spreading funds across 100 projects is 'speculation,' not investment.
🛡️ 3. Risk control is more important than making money.
Don't invest too much at once; enter in batches and manage diversely.
The premise of investment is: you can afford to lose it all.
His risk control philosophy is: 'Being able to sleep well is the true mark of a good investment.'
✅ Conclusion:
Zhao Changpeng's success is not just a blend of technology and timing; more importantly, it is his underlying logic of 'anticipating trends, executing patiently, and strictly controlling risks.'
✅ He recognized the potential of cryptocurrency, so he founded Binance.
✅ He foresaw the potential of AI and technology, and began to position himself early.
✅ He was once a working teenager, and now he is the richest in the crypto world.
If you want to make a leap in the next cycle, consider these suggestions from CZ to get ahead of the curve, rather than regretting later.
