Binance CEO Changpeng Zhao continues to hold onto his cryptocurrency, recently predicting that the Bitcoin price will eventually recover to $70.000.
Despite the market turmoil, Binance CEO Changpeng Zhao still holding my cryptocurrency
In one recent tweetsBinance CEO Changpeng Zhao has revealed that he has not sold any Bitcoin (BTC) or Binance Coin (BNB).
I still have the same amount of BNB & BTC.
- CZ 🔶 Binance (@cz_binance) July 6th, 2022
The prices of the two aforementioned cryptocurrencies are down 70,85% and 65,86% respectively from their all-time highs.
In one interview in 2021 to the Associated Press, Zhao claimed that he acquired Bitcoin in 2014 after selling his house.
Bitcoin price dropped from $600 to $200 shortly after he bought it, but he didn't sell his money at the time.
According to Bloomberg's Billionaires Index, Zhao is worth $18,7 billion, making him the 77th richest person on the planet. His net worth has suffered a $77 billion drop due to the dire state of the crypto market.
Last month, Zhao predicted that Bitcoin is likely to regain the $70.000 mark “in a few months or years”.