- CZ sold his house, quit his job for crypto; now values time over money despite $65B net worth from BNB holdings.
- He predicts Bitcoin will surpass average US home prices but warns companies against impulsive BTC treasury buys.
Changpeng Zhao (CZ), former Binance CEO, described his early career shift into cryptocurrency. He sold his house and left stable employment to enter the crypto industry. CZ spoke during a public interview.
Forbes estimates CZ’s current wealth at $65.1 billion. This value primarily comes from his holdings of Binance Coin (BNB). Reports indicate he controls approximately 64% of BNB’s total supply. CZ stated money no longer drives his decisions. He identifies time and personal energy as his limited resources.
One of the best interviews I have done so far. This one went a bit more personal. Lots of little details. Thanks @APompliano 🙏 https://t.co/B67USoIsE1
— CZ 🔶 BNB (@cz_binance) July 2, 2025
Regarding Bitcoin, CZ expects its value to exceed the average American home price. He cautioned companies considering Bitcoin for their reserves. CZ advised thorough risk evaluation before such treasury decisions. Corporate adoption requires structured planning, he noted.
CZ observed growing institutional engagement with crypto
Exchange-traded funds (ETFs) holding digital assets contribute to this trend. Traditional financial exchanges now integrate cryptocurrency products. CZ confirmed XRP maintained high trading activity on Binance during its legal challenges. This volume justified its continued listing.
Artificial intelligence combined with blockchain technology interests CZ. He anticipates governments using blockchain for digital identification systems. Tax collection and public service delivery could adopt this technology. CZ called this combination inevitable.
His remarks clarified his operational philosophy after leaving Binance. CZ selects projects based on interest rather than financial return. He referenced selling his Shanghai property in 2014 to fund Bitcoin endeavors. This choice preceded Binance’s 2017 founding.
Binance Coin (BNB) is trading at $661.43 USDT, showing a strong +2.34% daily increase, and holding a +2.83% gain over the week. Despite positive short-term momentum, BNB remains slightly negative year-to-date (−5.78%) and over the past six months (−6.31%). However, the asset has maintained long-term resilience with a +14.70% annual performance, positioning it as a top-tier Layer-1 utility token.
From a technical perspective, BNB has broken out of a descending wedge, reclaiming the $648–$650 zone as support and now targeting the upper channel boundary near $680–$700. Indicators show a continuation of bullish momentum, supported by volume and pattern structure.
The price is following a classic higher-low sequence, suggesting trend continuation. The breakout above the $635–$640 resistance is being retested as valid support, and traders are eyeing $740–$800 as medium-term targets if momentum holds.
Recent news driving BNB price and sentiment includes:
- BNB Chain successfully reduced block time by 50% via its “Maxwell Upgrade”, bringing block intervals down to 0.8 seconds, significantly boosting on-chain throughput and improving DApp performance.
- Binance Pay has expanded to over 80 French Riviera merchants, showcasing real-world adoption and transactional utility of BNB for payments.
- The network has seen increased institutional activity, with Nano Labs issuing $500M in convertible notes to bolster their BNB treasury, reflecting growing enterprise confidence in Binance’s Layer-1 ecosystem.
- Despite a minor exploit reported on BNB Chain earlier this week, the incident was quickly contained with no major on-chain losses, indicating improved protocol resilience and response readiness.
- ETHNews analysts are watching closely as BNB consolidates just below its December 2024 all-time high of ~$793, with some calling for a potential breakout toward $800+ before year-end.
BNB’s technical setup and on-chain developments point to growing bullish momentum, especially if the ecosystem expansion continues to attract institutional and developer engagement. Immediate resistance lies at $675 and $700, while support sits at $648 and $630.
