Binance founder Changpeng Zhao, known as CZ, shared insights into his initial encounter with Bitcoin during a recent interview on the All-In Podcast. In 2013, after being introduced to Bitcoin by a friend, CZ dedicated nearly six months to studying the cryptocurrency's white paper and related materials. By the end of that year, Bitcoin's price had surged from approximately $70 to nearly $1,000, prompting CZ to enter the market. Despite the significant price increase, CZ admitted feeling that he was too late to the Bitcoin opportunity, a sentiment he noted is common among new entrants to the market. This period was pivotal for CZ, leading to his decision to resign from his previous role and fully commit to the burgeoning crypto industry.