How much did Binances CZ make?

The cryptocurrency community celebrated Bitcoin’s rise to $100,000 today. The increase is noted to be of great significance for the entire market. Because those who invested in the asset early made big profits. Since its creation, the king coin has risen an incredible 166524015.06%. Amid this, Changpeng Zhao, the man behind Binance, announced his profits following BTC’s recent surge.

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Bitcoin’s new high

According to recent data, Bitcoin recorded a brand new all-time high of $103,900.47 today. This increase comes after a 50% increase last month. Currently, Bitcoin is trading at $102,967.39, having experienced a slight decline of 1% from its peak. The king coin’s daily increase remains at a positive 6.41%.

Jeff Mei, COO at BTSE, Hong Kong, spoke about the rise of King Coin and said:

“Bitcoin’s rise above $100,000 isn’t just a milestone; It represents a pivotal moment for the cryptocurrency industry. Confidence is bolstered by an increasingly favorable regulatory environment in the US, particularly the appointment of Paul Atkins as SEC Chairman. This is likely to spur further institutional investment in the sector, giving Bitcoin more credibility and leading to a new wave of adoption.”

Also Read: Michael Saylor’s Bitcoin Masterclass: The Mainstream Era is Here

CZ’s winnings

Binance co-founder CZ noted that many investors saw a surge in profits when the notable price increase occurred. But unfortunately he was not among them. He further revealed that he has not purchased any drops recently. As a result, his Bitcoin holdings remained unchanged. Furthermore, he did not provide any information about how much BTC he owns. The co-founder was rather vague about this.

But he saw it “Everything else has become a little cheaper compared to Bitcoin“, perhaps he is referring to the altcoins he owns or the current altcoin values ​​in the market.

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