Jack孔@Nano Labs(NA)🇭🇰
Jack孔@Nano Labs(NA)🇭🇰|Jan 21, 2026 02:56
CZ's story of selling his house to buy crypto during the 2014 bear market truly embodies the saying 'choices matter more than effort.' Back then, Bitcoin dropped from $1,200 to $400-$600. He liquidated his Shanghai property for $1 million and went all-in on Bitcoin, with unrealized losses exceeding 70% at one point. His family and friends thought he was crazy, trading physical assets for 'magic internet money.' But it was this seemingly insane decision that became the key turning point for him to later found Binance and become incredibly wealthy. Looking at gold hitting new highs now, the logic is actually similar: in an era of high debt, central banks are quietly shifting anchors—from assets reliant on government credit to hard assets with no counterparty risk. The beta of the era is often hidden in choices most people consider 'crazy.'
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