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- Changpeng Zhao treated Bitcoin as a long-term life decision, not a short trade.
- He held through an 18-month downturn without selling.
- Early conviction helped him stay calm in later market cycles.
Changpeng Zhao, widely known as CZ, shared details of his early Bitcoin journey during an interview on the Threadguy channel in October 2025. He explained how he discovered Bitcoin in mid-2013 and quickly developed a strong belief in its future.
Towards the year-end, he drew a definite conclusion. It was about his generation’s defining moment. For CZ, it wasn’t something to jump in and out of. He saw it as a technological movement akin to the dawn of the internet era.
For him, it had come much too late after missing out on the first phase of the internet boom. Now it was time to do it the right way by taking action early on. According to him, it was all about looking at the bigger picture. So, he quit his job and entered the crypto world.
CZ Invested His Entire Net Worth in Bitcoin
For example, he put all his money into buying Bitcoins. He went even further and sold his home in order to buy more of the cryptocurrency. Such actions show that there was a lot of confidence in his choice. He considered the innovation to be able to change the global economy.
Then, shortly after investing, prices for Bitcoin started going down. The cryptocurrency experienced a long period of stagnation in terms of pricing. It lasted about 18 months. There were many questions on how the situation would unfold. Regardless of that, he decided not to sell.
The reasoning behind this decision was that the market did not see the true value of the coin yet. Furthermore, there was another reason why the person chose not to give up his investments. It was due to the understanding of the technology itself and its value for the future.
Also, he mentioned that he had some kind of a fallback in case things would not work out for him. His skillset would allow him to find a job and have a decent income. Therefore, he could afford to do risky transactions. Finally, the market recovered, validating his prediction.
Early Losses Strengthened CZ’s Market Confidence
As CZ said, surviving the first market cycle helped change his way of thinking. The first time around made him acquire emotional control amid volatility. The subsequent market cycles were relatively less severe because he had previously encountered greater drops. He stresses that his conviction stems from his belief in the technology involved.
He is not concerned with the immediate fluctuations of prices. Rather, he views Bitcoin as a revolutionary innovation in itself. According to him, Bitcoin is the leading asset in the crypto domain. His personal account offers an insight into the general principle for investors.
Conviction often necessitates thorough knowledge of the underlying technology. It also demands perseverance through challenging times. As seen in CZ’s experience, patience amid uncertainty is essential. The long-term perspective can be seen despite the rapid evolution of the crypto industry.
Also Read: Bhutan Moves Millions in Bitcoin Now Again as Hidden Transfers Spark Sale Fears!
