Changpeng Zhao, the founder and former CEO of Binance, is continuing to give interviews after completing his prison sentence in the US. Speaking to the Crypto Banter channel, CZ described his experience as a “turning point in his life,” sharing his vision for the future and his personal transformation.
CZ stated that before going to jail, his lawyers warned him about his biggest fear: “extortion and blackmail.” He added, “Newspapers were writing that I was the richest person to ever go to a US prison.”
CZ said he befriended a former Cisco software engineer who was sentenced to 25 years in prison for robbing 12 banks, and that he discovered most of the people there were “reasonable people.”
CZ, who described being handcuffed and transferred to a detention center shortly before completing his sentence as “worse and more frightening than prison,” expressed a serious lack of trust in the system, noting that its rules could change at any moment.
CZ, who stepped down from his operational duties at Binance, said he still dedicates 80-90% of his time and money to blockchain technology. He stated that Bitcoin is still the strongest store of value and that he doesn’t yet see a technology that could dethrone it.
CZ, who predicts that billions of AI agents will conduct micro-transactions with each other in the future, argued that cryptocurrencies are currently the “undervalued asset class,” saying, “What will these agents use? PayPal? No, the only option is blockchain.”
CZ, who believes Elon Musk isn’t interested in wealth, put forward a theory half-jokingly, half-seriously: “I think Elon is an alien and wants to return to his home planet. Mars is just a stepping stone. Tesla, SpaceX, and Neuralink are actually parts of his ticket home.”
*This is not investment advice.