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Changpeng Zhao: “there are only two cryptocurrencies in my portfolio”

Changpeng Zhao, CEO of the largest cryptocurrency exchange Binance, spoke about his portfolio of cryptocurrencies and his views on the market.

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interview with reporters from the Associated Press, Binance CEO Changpeng Zhao said that his portfolio of cryptocurrencies only contains Bitcoin and the exchange’s own BNB coin. He explained this by the need to protect against conflicts of interest:

“Actually, I’m not a very active investor. I bought some bitcoins in 2014 and I continue to keep most of them in my wallet. Of the other assets, I only have BNB, and this is the majority of my crypto assets. I do not specifically invest in other projects, cryptocurrency or not, in order to avoid conflicts of interest. My portfolio is not diversified at all, and I would not recommend repeating this strategy. ”

Zhao owns a significant stake in the Binance exchange, which is his main asset. Even in the event of a stock market crash, as long as he continues to behave ethically, Zhao can launch any other project and receive huge sums of money for its development. Binance CEO believes his name speaks for itself and will always attract investors.

Interestingly, Changpeng Zhao doesn’t like Dogecoin and other meme coins:

“To be honest, I don’t understand Dogecoin. But this also confirms the power of decentralized cryptocurrencies. I may or may not love the coin, but if enough people want to buy DOGE because it’s a meme and it’s cute, this cryptocurrency has value. Dogecoin has been around for many years. It had ups and downs, but it still exists today. There is also Shiba Inu, also a coin meme. And if you have cryptocurrency liquidity, then it has value. As a platform, Binance should provide the ability to buy and sell any cryptocurrency as long as there is demand for it. ”

Recently, Changpeng Zhao announced that it is cryptocurrencies that will become the future of the global financial system.

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