According to a report from Hong Kong 01, Binance founder Zhao Changpeng shared the "four no's" financial principles: not buying stocks, not speculating in real estate, not speculating in cryptocurrency, and not keeping too much cash. Zhao Changpeng believes that real estate transactions are time-consuming and the returns are not worth it. He only holds cryptocurrency assets for the long term and claims that cash continues to depreciate. Zhao Changpeng sold his house and fully invested in Bitcoin in 2013, founded Binance in 2017, and became the world's largest cryptocurrency exchange within five months. In 2023, Zhao Changpeng was sentenced to four months in prison for violating the US Banking Secrecy Act. He was granted a pardon by Trump last year and currently has a net worth of approximately $114.6 billion. Zhao Changpeng candidly stated that success is luck, and the key lies in continuously making the right decisions and quickly correcting them.
