Binance Founder CZ Turned Bitcoin Conviction Into World’s Largest Exchange

Selling his apartment to buy Bitcoin at about $600, CZ endured a major price crash before launching Binance, which became the largest crypto exchange in roughly six months.

BTC

Summary

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Terms & Concepts
  • Crypto Exchange: A platform that allows users to buy, sell, and trade cryptocurrencies.
  • Leverage (in business context): Using resources or strategic positioning to maximize influence and growth potential.
  • Conviction Trading: Investing or holding assets based on strong personal belief in their future value, despite market volatility.