Changpeng Zhao's Early Bitcoin Journey

Changpeng Zhao, known as CZ in the crypto community, shared his early experiences buying Bitcoin in 2014 during a challenging bear market. With limited funds, he struggled to buy dips or take profits, reflecting a tumultuous beginning.

However, this story transformed as Bitcoin soared over 35,800% since those days, turning even small investments into substantial fortunes. A less than $3,000 investment could now be worth millions, contributing to Zhao's estimated net worth of over $60 billion.

Amidst recent market volatility, with $1.7 billion in derivative positions liquidated, Zhao reflects not with pride but rather a recognition of luck, timing, and learned lessons. He emphasizes that his strategy, while successful, should not be imitated: "I do not recommend my strategy."

Zhao's experience illustrates the importance of personal investment strategies that adapt to market conditions. Bitcoin's history suggests a focus on holding rather than constant trading.

This article was originally published on U.Today