CZ: “I Got Into Crypto Too Late” Whales Reminisce

• CZ regrets not joining crypto earlier amid massive whale trades.
• 2011 crypto whales moved Bitcoin they bought for $0.10.
• His remark highlights how early investors shaped today’s market.

Changpeng Zhao—better known as CZ, founder of Binance—recently confessed he “got into crypto too late,” after witnessing 2011-era whales execute massive transfers of Bitcoin they purchased at just $0.10 each . His statement offers a rare glimpse into the humility of one of the most influential figures in crypto, underlining the transformative effect of those very early adopters.

Whales of 2011 and Their Lasting Impact

In 2011, Bitcoin was nearly worthless—and yet some opportunistic investors recognized its potential. These “whales” amassed vast amounts of BTC, later moving large holdings when the market began heating up. CZ’s remark sheds light on the fact that by the time he entered the scene, much of the early supply had already been claimed. These early moves helped shape both scarcity and perception, fueling future cycles and price growth.

Lessons from Missing the Boat

CZ’s reflection carries two important takeaways:

1. The value of timing – Even industry leaders like CZ acknowledge that early entry makes an outsized difference.
2. Respect for early adopters – The whales who acquired BTC at mere cents per coin laid the groundwork for today’s market infrastructure, liquidity, and valuation.

This humility from CZ is refreshing in an era where many clamor for the next big crypto boom. His perspective reminds us that sometimes, the most important insights come from acknowledging what’s already happened—and where we missed the opportunity.

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