How Ruthless Does a Person Have to Be to Succeed?

In 2014, Zhao Changpeng sold his house in Shanghai, investing the 1.1 million yuan proceeds into Bitcoin. While Shanghai's real estate prices doubled shortly after, Bitcoin's value plummeted to one-third of its original price. Despite the initial setback, this bold move catapulted Zhao into prominence within the cryptocurrency community. In March 2014, Zhao met Xu Mingxing, founder of the domestic Bitcoin exchange OKCoin, and by June, he joined OKCoin as the technical director, overseeing the company's international affairs. However, Zhao parted ways with OKCoin in less than a year. Undeterred, he founded Binance in July 2017. The platform launched just 11 days after a successful public offering that raised $15 million and quickly gained immense popularity among users.

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