Changpeng Zhao

That's a pretty bold decision to make.

That's a big risk to make.

Well, number one, I saw the clear future of the technology.

I don't know what it's going to be like exactly, but I know it's going to grow.

What made you say that?

Is it a paper?

Is it a white paper you read?

Is it someone's paper you read?

Back then, there was much less materials about it.

There was a white paper that I read.

There was a forum called bitcointalk.org that I spent a lot of time on.

And then going to conferences, meeting the people, the community made a huge difference.

and also doing the first transaction with Bitcoin, when you install your own Bitcoin wallet and you realize, wait a second, this is a network I can send money to anyone, full control, there's no banking involved, there's no other fees involved, it's instantaneous.

So once you realize that, it's like, this is a technology for the future.

Not only did I just sell the apartment, I actually quit my job to look for a new job in this industry.

So most people will say, no, those two combined are pretty high risk.

But I think as I detail in the book, risk is not based on the action.

It's based on your individual circumstance.

For me, my risk tolerance at the time was high because I know I can get a job.

If Bitcoin went to zero, I can get a job in a bank.