Changpeng Zhao
👤 SpeakerAppearances Over Time
Podcast Appearances
So I was 36, 37-ish.
I wasn't going to let this opportunity pass by.
So I said, look, I just got to get involved in this new technology field.
I don't know what I'm going to do first.
I don't know what I'm going to do yet, but I'm going to buy Bitcoins first.
So I sold my house, sold my apartment, and bought Bitcoin.
So that was pretty clear to me.
That was a very long-term conviction.
Is this a $900,000 apartment?
Yes, this is a $900,000 apartment.
And when you bought it at the time, what was the average price of Bitcoin?
Average price I got in was about $600,000.
I got payments in installments, right?
So I bought it at $800,000, $600,000, $400,000.
So average to us.
So if we do 900,000 divided by 600 times 81,000, you're looking at $121 million, give or take.
Something, yeah, just about $100 million.
Selling a $900,000 apartment turned into $121 million.
The average person listening to this thinks that's crazy.
But what made you say this is what I'm going to be doing?