The post Binance Founder CZ Admits: “I Always Buy the Top” — Shares Lessons From BTC, BNB, and Aster Buys appeared on BitcoinEthereumNews.com.

The founder of Binance confessed that he’s always buying the top, citing his 2014 Bitcoin purchase at $600, which dropped to $200 shortly after. The remarks come after CZ refuted reports alleging he intended to launch a crypto bank in Kyrgyzstan, describing them as false. Changpeng Zhao, better known as CZ, is the founder of Binance, one of the world’s largest cryptocurrency exchanges. As of late 2025, CZ ranks as the 24th wealthiest person in the world, with an estimated net worth of $62.1 billion, largely due to his 90% ownership stake in Binance. In a recent post on X, CZ humorously admitted his less-than-perfect track record when it comes to market timing: Every time I buy coins, I get stuck in a losing position, 100% record. In 2014, I bought BTC at an average price of $600, and it dropped to $200 within a month, lasting for 18 months. That purchase marked CZ’s first-ever Bitcoin buy, five years after BTC’s initial launch in 2009. Despite the short-term pain, the investment paid off long-term. By 2016, Bitcoin had rebounded to around $1,000, and now, 9 years later, BTC is trading right above $100,000. By mid-2017, CZ had launched Binance, securing $15 million in funding via an ICO for its native token, Binance Coin (BNB). CZ noted that even the BNB buy wasn’t without turbulence. “In 2017, I bought BNB, which also dropped 20–30%, lasting for a few weeks. This time… who knows,” he wrote. By February 2018, just months after Binance’s rise, CZ’s net worth had soared, making him the third-richest person in crypto, valued between $1.1 billion and $2 billion at the time. Today, BNB is the fifth-largest token with a market capitalization of about $129 billion, with a price of $942. Earlier, on November 2, CZ also disclosed a…

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Filed under: News - @ November 5, 2025 9:26 am