🚨 CZ REVEALS THE "ALL-IN" MOVE THAT STARTED HIS BITCOIN JOURNEY 🏠

Changpeng Zhao, popularly known as CZ and the founder of Binance, has detailed the extreme conviction that led to his first Bitcoin purchase. Far from a cautious experiment, CZ’s entry into crypto was a high-stakes, life-altering decision.

The $900,000 Gamble:

Selling the House: In 2014, CZ sold his apartment in Shanghai for approximately $900,000 to fund his first major Bitcoin position.

Buying in Tranches: Because the apartment sale was paid out in installments over several months, he invested every single payment directly into Bitcoin as soon as he received it.

Buying the Dip (Literally): His first purchase was around $800. Almost immediately, the market turned bearish, with prices dropping to $600 and then $400. Despite having no job income at the time, CZ continued to buy, eventually reaching an average entry price of around $600.

The Significance of the Story:

Extreme Conviction: The story is often cited as the ultimate example of "skin in the game." CZ didn't just invest extra cash; he sold his primary asset at what many would consider the worst possible timing.

Trading Psychology: It highlights the mental fortitude required to stay committed to a long-term vision while the market is crashing and your personal net worth is evaporating 📉

Narrative of Resilience: CZ doesn't frame this as a "get rich quick" scheme but as a personal choice based on a deep belief that Bitcoin would become a pillar of the future global financial system.