Binance founder commented on a Quebec lottery winner’s choice of a weekly annuity over a lump sum, suggesting cryptocurrency investments might surpass the annuity’s lifetime value.
Binance founder CZ (Changpeng Zhao) reacted to a Quebec lottery winner’s decision to take a $1,000 weekly annuity instead of a $1 million lump sum. He suggested investing the lump sum in Bitcoin or BNB could potentially yield returns exceeding the annuity’s estimated $5.2 million total over 100 years. CZ framed the remark as a comparison of traditional fixed payouts against potential crypto gains.