Bitcoin won the $40,000 war and pinned above $42,000. While this rise in BTC increased the bullish feeling and expectation of investors, BTC share came from former Binance CEO CZ.
Explaining his first cryptocurrency investment adventure, CZ announced that he made his first investment in Bitcoin 10 years ago.
Explaining his Bitcoin investment, CZ said that after leaving work, he made a brave decision to sell his house and invest in BTC.
Warning to investors that they should not do the same, CZ stated that everyone's risk profile is different.
At this point, CZ stated that he made such a risky transaction because he was sure that he would be able to find a job easily after leaving his job, and added that everyone should know their own risk profile well and invest accordingly.
“10 years ago today I quit my job, sold my house and invested all my money in Bitcoin.
I'm not saying this because everyone should do the same.
Many people asked me how I could take such risks back then. I knew I could find a job easily… And so it was, 2 weeks later I found a job in crypto. I got paid a little less, but I didn't have to go to the office.
That's why everyone's risk profile is different. Everyone needs to learn their own risk management.”
Bitcoin continues to trade at $42,060 at the time of writing.
10 years ago today, I quit my job, sold my house, and aped into #bitcoin.
No, I am not saying you should do the same. Many people asked, how could you take such risks? Me, I knew I could easily get a job… Everyone's risk profile is different. Learn risk management.
— CZ 🔶 BNB (@cz_binance) December 3, 2023
*This is not investment advice.
