Former Binance CEO Changpeng Zhao (CZ) says he will no longer publicly reveal details about his personal investments after recent market turbulence and speculation surrounding his portfolio.
In a post responding to community discussions about the ASTER token, CZ acknowledged that most of his investments tend to show short-term losses, but he views himself as a long-term holder, not a trader.
“In 2014, I bought Bitcoin at an average price of $600. Within a month, it dropped to $200 and stayed there for 18 months. In 2017, I bought BNB, which fell 20–30% within weeks. This time… who knows?” — CZ remarked.
He confirmed that he increased his ASTER position, though he refrained from providing further details. CZ also emphasized that he wants to avoid influencing his audience’s trading decisions by discussing his holdings publicly.
Earlier reports revealed that Zhao had invested around $1.9 million in ASTER, sparking a 30% surge in the token’s price following the announcement. However, as the market corrected on November 4, Bitcoin briefly fell below $103,000, and ASTER dropped to $0.82, down from its local peak of $1.28.
Zhao’s comments come amid a broader crypto market correction, with several major assets facing double-digit declines. Analysts note that his remarks reflect a more cautious and mature approach toward transparency and investor psychology in a volatile market.
