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Changpeng Zhao (CZ), the founder and former CEO of Binance, made noteworthy statements about his career and the future of the crypto sector in an interview given during the World Economic Forum in Davos, Switzerland.
Zhao said he no longer has the same motivation to start new ventures as he did in the past.
Zhao stated, “I don’t have the same drive to start new projects as I used to. Entrepreneurship is a very tiring process, and once I’ve experienced it, it doesn’t seem possible for me to start again at the same pace. Therefore, I am currently focusing mainly on investing.” This statement indicates that Zhao, known in the crypto world as the “never-ending entrepreneur,” has entered a calmer and more selective phase in his career.
In the interview, Zhao also touched upon global crypto policies, emphasizing that the change in the US’s attitude towards crypto assets is symbolically very important. According to Zhao, the approach of the US, a leading global power, affects not only its domestic market but also the entire Western world and the global financial ecosystem. He noted that following this change, many countries have begun to reconsider their perspectives on crypto, citing Thailand and some Central Asian countries as examples.
Zhao, who has lived in the United Arab Emirates for a long time, also drew attention to the UAE’s crypto-friendly approach. He said that two months ago, Binance was granted licenses in the country covering almost all of its global operations, including products such as futures trading.
Experts interpret Zhao’s shift from entrepreneurship to investment as a sign that the crypto sector has entered a period of maturity. This indicates that both individual leaders and the sector as a whole are evolving towards a more institutionalized and sustainable structure.
*This is not investment advice.