Flood on CZ wealth and Tether rumors
投稿者: Tufail: Changpeng Zhao
Flood dropped a 2024 take that CZ might rank among the world's richest individuals, calling him a grandmaster and one of the most liquid people globally. The liquidity concept gets heavy when you consider selling large chunks of stock like Elon Musk's Tesla shares would send a bad signal about Mars or self-driving cars. Instead, wealthy figures usually borrow against their holdings to avoid capital gains tax. Then there's the rumor that CZ actually holds 40% of Tether's supply. Tether has roughly $160 billion in outstanding tokens issued for credit, and the entity Finance CC holds equity where CZ owns the majority.
文字起こし (en)
CZ is a grandmaster. Like CZ is the probably one of the richest, most liquid people in the world. Because think about Elon Musk's net worth, right? And I'm sure a lot of people are familiar here, but it's a really important concept of like liquidity, right? You know, if he was to start selling his Tesla stock in large chunks, that would probably be a bad signal, right? He'd probably be like, whoa, wait a second. Like, I thought we were going to Mars and I thought like everything was going to be amazing. We're going to have self-driving cars and robots and shit. Like, what do you mean you're selling? And he's like, oh, yeah, no, you know, relax. Like, I just need some liquidity. Typically what these rich people do is they borrow against their stocks instead of selling it. That's also so they don't have to pay cap gains, right? So it's, you know, tax advantage as well. And, you know, CZ actually, though, if you think about the amount of cash that this guy has, like there are rumors that he has 40% of the tether supply. pull up the tether supply right like tether has 160 billion dollars of you know outstanding you know tokens issued for you know credit yeah 40 percent finance the entity cc but cv owns the majority of equity to finance
