Binance founder sold apartment for $900k to buy Bitcoin at $600 in 2013 without a job
February 12, 2026
In 2013, the founder of Binance, Zhao, made a bold move by selling his apartment for $900,000 to invest in Bitcoin when it was priced at around $600 per coin. He shared that he received the payment for his apartment in installments and used these funds to purchase Bitcoin at an average price of $600 each. Now, in 2026, the value of Bitcoin has skyrocketed to approximately $67,000 per coin.
This decision to sell his apartment and invest in Bitcoin was a significant risk for Zhao, especially considering he did not have a job at the time. However, this bold move paid off tremendously as Bitcoin’s value surged over the years, resulting in substantial returns on his investment. Zhao’s story serves as an inspiration to many investors, showcasing the potential rewards of taking calculated risks in the financial markets.
The cryptocurrency market, particularly Bitcoin, has seen significant growth and adoption over the past decade. Bitcoin, the first and most well-known cryptocurrency, has established itself as a digital store of value and a means of transacting across borders. Its limited supply and decentralized nature have contributed to its appeal as an alternative investment asset.
Investing in Bitcoin and other cryptocurrencies can be highly volatile and risky due to the speculative nature of these assets. Prices can fluctuate significantly within short periods, leading to both substantial gains and losses for investors. Despite the risks involved, many individuals, like Zhao, have reaped considerable profits from their investments in cryptocurrencies.
Zhao’s success story highlights the importance of having a long-term perspective when investing in volatile assets like Bitcoin. By focusing on the fundamental value and potential growth of an asset, investors can weather short-term price fluctuations and benefit from the long-term appreciation of their investments. Diversification, risk management, and staying informed about market trends are essential strategies for navigating the cryptocurrency market effectively.
As the cryptocurrency ecosystem continues to evolve and mature, more institutional investors and traditional financial institutions are entering the space. This increased interest and adoption are driving mainstream acceptance of cryptocurrencies and paving the way for further growth in the market. As regulations and infrastructure around cryptocurrencies improve, the investment landscape for digital assets is expected to become more robust and secure.
In conclusion, Zhao’s decision to sell his apartment and invest in Bitcoin in 2013 has proven to be a lucrative move, with the value of his investment increasing significantly over the years. His story exemplifies the potential rewards of taking calculated risks and having a long-term perspective when investing in volatile assets like cryptocurrencies. As the cryptocurrency market continues to grow and evolve, investors must stay informed, diversify their portfolios, and adopt risk management strategies to navigate this dynamic and promising investment landscape.
