The founder of Binance, with a $60B net worth, is back after 4 months in prison and greeted the world with his legendary 'gm.' Hereโs the full story of his journey ๐
Early Life:
๐น Changpeng Zhao (CZ) was born in Jiangsu, China, in 1977.
๐น During the Cultural Revolution, his father, a professor, was exiled.
๐น At 12, his family emigrated to Vancouver, starting from scratch. CZ worked at McDonaldโs and a gas station, learning perseverance.
Education & Early Career:
๐น Fascinated by technology, CZ studied computer science at McGill.
๐น He developed high-frequency trading systems at Bloomberg in Tokyo and New York, gaining a deep understanding of financial markets.
Entry into Crypto:
๐น In 2013, CZ learned about Bitcoin during a poker game.
๐น By 2014, he sold his house and invested everything in Bitcoin, a bold move that showed his belief in the future of crypto.
๐น He joined Blockchain.info and worked with major figures like Roger Ver. Later, he worked at OKCoin before seeing the limitations of existing exchanges.
The Birth of Binance:
๐น In 2017, CZ founded Binance, aiming to create a user-friendly and secure exchange.
๐น Binance raised $15M through an ICO in July 2017 and became the worldโs largest crypto exchange in just 6 months! ๐
Challenges & Triumphs:
๐น Global regulatory scrutiny hit Binance in 2021, but CZ focused on compliance and working with regulators.
๐น Binance overcame a 2019 hack and market volatility to remain on top, all under CZโs leadership.
Influence & Legacy:
๐น By 2021, CZ was one of the worldโs wealthiest, yet he leads a humble life.
๐น Active on Twitter, he shares insights and humor, earning respect for his transparency.
Conclusion / My Thoughts:
๐น CZโs journey, from China to founding Binance, highlights his perseverance and vision.
๐น He has changed hundreds of thousands of lives and revolutionized crypto trading and blockchain adoption.
Thank you, CZโmy journey in crypto, like many others, started with Binance. ๐ #CZ #Binance #CryptoPioneer #Bitcoin
