THE RISK TAKER: HOW ZHAO CHANGPENG'S BOLD BET ON BITCOIN BUILT A CRYPTO EMPIRE
Meet Zhao Changpeng, @CZ a man who dared to defy convention and risk it all for the sake of innovation.
In 2014, he made a bold move that would change his life forever - selling his Shanghai home to invest a whopping 1.1 million yuan in Bitcoin. While the real estate market in Shanghai skyrocketed, Bitcoin's value plummeted, leaving many in a state of panic. But not Zhao.Instead, he used this initial setback as a launchpad to propel himself into the cryptocurrency spotlight.
His fearless attitude and unwavering belief in Bitcoin caught the attention of industry insiders, including Xu Mingxing, founder of OKCoin.
The two joined forces, with Zhao becoming the technical director and spearheading the company's international expansion.But Zhao's entrepreneurial spirit couldn't be contained for long. He parted ways with OKCoin and went on to found Binance in July 2017.
The rest, as they say, is history. Binance's public offering raised a staggering $15 million in just 11 days, and the platform quickly became the go-to destination for cryptocurrency enthusiasts worldwide.
Zhao's story is a testament to the power of ruthless determination and unwavering belief in one's vision.
He refused to let setbacks hold him back, and his courage has inspired a generation of entrepreneurs to follow in his footsteps.