About his bold bet—CZ's 2014 apartment-to-cryptocurrency legend

BloodInStreets · 2026-02-10T00:03:18+00:00

Binance founder Zhao Changpeng(CZ) sold an apartment in 2014 for 1500 Bitcoins, when Bitcoin was worth about $600. Although this decision was opposed by his mother, it reflected his strong belief in blockchain technology. Today, the apartment has appreciated to $1.5 million, and the 1500 Bitcoins are worth over $100 million, demonstrating his foresight and providing an important lesson for investors.

BloodInStreets

2026-02-10 00:03:18

Abstract generation in progress

Binance founder Changpeng Zhao (CZ) made a shocking decision in 2014: he sold his apartment for 1,500 Bitcoins. At that time, Bitcoin was only around $600. You can imagine what his mother’s reaction was—calling him a “foolish kid” for trading real estate for “magical internet money.”

Behind a “Crazy” Transaction

His decision was definitely unusual at the time. In 2014, Bitcoin was still in its early stages, and most people were skeptical about cryptocurrencies. But CZ chose to believe. His mother’s concerns reflected the common mindset, but he remained steadfast. This was not just a real estate deal; it reflected his strong belief in the future of blockchain technology.

His Persistence, What It Gained

Looking back now, the results speak for themselves. That apartment has appreciated to over $1.5 million. And those 1,500 Bitcoins, based on the current Bitcoin price (as of February 2026, BTC around $70.21K), have a market value exceeding $100 million, far surpassing the original property value.

His decision ultimately proved to be visionary. This story has circulated in the crypto world to this day, not only because of the astonishing growth of the numbers but also because it embodies confidence and persistence at a critical moment. It serves as a lesson for all investors: sometimes, the future is in the hands of those who dare to make those “crazy” decisions today.

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