The Day CZ Missed the Best Investment of His Life: Crypto Missed AI
In 2014, CZ, who had only been exposed to the concept of cryptocurrencies for one year, made the most daring investment of his life — he sold his apartment in Shanghai and “went all in” on approximately 1,500 BTC at a three – digit price. Twelve years have passed. If CZ had never sold those Bitcoins, this investment would have yielded hundreds of millions of dollars in profits (with a peak return of approximately $189 million).
Compared with his subsequent achievements of founding Binance and making it the industry leader, the returns from this investment are insignificant to CZ. However, from an external perspective, this idealistic “all – in” move remains one of CZ’s most talked – about operations.
Surprisingly, even CZ, who is…
