Introduction to Cryptocurrency: A Game-Changing Encounter

Changpeng Zhao, widely known as CZ, embarked on his remarkable journey into the world of cryptocurrency in an unexpected setting. Unlike the traditional paths of trading floors or venture capital networks, his journey began in a casual poker game in Shanghai. A friend urged him to explore Bitcoin, emphasizing its potential significance, which marked a pivotal moment in Zhao’s life.

The Bitcoin Revelation: A Life-Altering Decision

During an interview with the All-In podcast, Zhao recounted his initial exposure to Bitcoin in mid-2013 while working as a junior partner at a software and services company in Shanghai. A friend introduced him to the concept of Bitcoin, sparking his curiosity. It took him approximately six months to fully grasp the idea, primarily through engaging in discussions on the Bitcoin Talk forum, which was a prominent source of information at that time.

Key Influences and Insights

Zhao’s journey into Bitcoin was further influenced by Ron Tao, a venture capitalist, who introduced the topic during a poker game among entrepreneurs and investors. The concept gained more significance when he met Bobby Lee, who was transitioning from Walmart to become CEO of BTC China (BTCC). Lee advised Zhao to invest 10% of his net worth in Bitcoin, predicting a potential tenfold return on investment despite the risk of losing it all. This advice prompted Zhao to delve deeply into Bitcoin’s white paper.

The Turning Point: Embracing the Digital Revolution

By the time Zhao felt he had a comprehensive understanding of Bitcoin, the cryptocurrency had already surged from approximately $70 to around $1,000 in 2013. Despite feeling initially late to the party, Zhao recognized Bitcoin as a transformative technology, akin to the internet. He was determined not to miss out on this technological revolution and decided to invest heavily in it.

A Bold Move

Demonstrating his unwavering conviction, Zhao sold his apartment in Shanghai to buy Bitcoin, investing in tranches even as the market fluctuated. His determination to be part of this technological wave was unwavering, and he saw Bitcoin as the second foundational technology of his career after the internet.

Building Binance: From an Idea to a Global Powerhouse

Zhao’s journey from Bitcoin investor to founder of Binance was marked by strategic decisions and roles in early crypto companies like Blockchain.info and OKCoin. These experiences laid the groundwork for Binance’s inception, which quickly rose to prominence as a leading cryptocurrency exchange with a strong emphasis on a token-driven business model.

Current Standing and Achievements

Today, Zhao’s wealth is a topic of interest, with estimates varying depending on private stakes and token holdings. As of February 2026, Forbes listed his fortune at $78.8 billion, making him one of the world’s wealthiest individuals. Meanwhile, Bloomberg’s Billionaires Index suggested a valuation of approximately $52.2 billion. Binance Coin (BNB) remains a significant player in the crypto market, trading at $592.44.

Conclusion: A Legacy of Innovation and Vision

Changpeng Zhao’s journey from a poker game in Shanghai to becoming a titan in the cryptocurrency industry exemplifies vision, determination, and a willingness to take calculated risks. His story serves as an inspiration to aspiring entrepreneurs and cryptocurrency enthusiasts worldwide, highlighting the potential of embracing groundbreaking technologies.