How Ruthless One Must Be to Succeed!
In 2014, Changpeng Zhao (CZ) sold his apartment in Shanghai, cashed out about 1.1 million yuan, and bet all on Bitcoin. Shortly after, Shanghai real estate prices doubled, while Bitcoin plummeted to a third of its original value. This bold move earned CZ a small reputation in the crypto space.
Later that year, CZ met Xu Mingxing, the founder of OKCoin, at a crypto event. In June, CZ joined OKCoin as CTO, leading the company’s technology and international operations. However, things quickly went sour, and CZ left the company less than a year later due to disagreements.
Fast forward to July 2017, and CZ launched Binance. Just 11 days after raising $15 million in its ICO, the exchange was live. The rest is history—Binance became an instant hit and quickly dominated the crypto landscape.
This story shows that success requires ruthless decisions and the courage to take risks. CZ's ability to take losses and bounce back has made him a legend in the crypto world.
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