In a recent three-hour interview on the All In Podcast, Binance CEO Changpeng Zhao (CZ) shared insights into his personal journey, the evolution of Binance, and his views on the future of the crypto industry. CZ recounted his early days flipping burgers at McDonald's after immigrating to Canada from China, and his initial foray into Bitcoin investment in 2013, which involved selling his Shanghai apartment to buy Bitcoin at an average price of $600. CZ also discussed Binance's origins, revealing that the company initially provided software outsourcing for exchanges before pivoting to become a trading platform following regulatory changes in China. He highlighted the simple logic behind Binance Coin's (BNB) ICO, which offered a 50% discount on trading fees. Additionally, CZ addressed his past tensions with FTX's Sam Bankman-Fried, noting Binance's early investment in FTX and subsequent withdrawal before FTX's collapse. Looking ahead, CZ expressed skepticism about the traditional banking system's ability to handle the future scale of AI-driven transactions, while also emphasizing the importance of maintaining a balanced approach to personal and professional growth. He advised aspiring entrepreneurs to consistently push themselves within a sustainable range to achieve long-term success.