After his resignation from Binance, how does Changpeng Zhao see his future?

Shortly after announcing his resignation as CEO of Binance, Changpeng Zhao (CZ) shared his thoughts on how he envisions his future. What can we learn from his press release?

Changpeng Zhao looks back on his “post-Binance” future

It will not have escaped anyone closely interested in the cryptocurrency ecosystem, Changpeng Zhao (CZ), CEO and founder of Binance, resigned from his position last night as a direct result of the company's legal woes.

Following these events, the person published a long tweet in which he returned to the promotion of Richard Teng, his successor, but also to the way in which he now saw his future.

CZ insisted on taking responsibility, adopting a tone far from the usual “4”, returning to the difficulty of letting go:

“Today, I resigned as CEO of Binance. Of course, it wasn't easy to let go emotionally. But I know it's the right thing to do. I made mistakes and I have to take responsibility for them. It’s better for our community, for Binance and for myself. Binance is no longer a baby. It's time for me to let him walk and run. »

A future as an investor rather than an entrepreneur?

CZ also explains that he doesn’t see himself returning to a startup CEO position. Of course, it is also a question of placing the elements in their context by emphasizing that given the pressure that the entrepreneur must currently undergo, his speech could evolve in the months to come once the storm has passed.

Changpeng Zhao seems determined to continue playing a role in the Web3 ecosystem, this time focusing on the investment pillar:

“After this, I currently think I will probably make passive investments, as a minority holder of tokens/shares in startups in the areas of blockchain/Web3/DeFi, AI and biotechnology.