**Don't Save Fiat Money, CZ Claims Buy Everything Using Crypto**
Binance founder Changpeng Zhao (CZ) stated that he does not hold any fiat money at all, but rather 100% in Bitcoin and crypto.
“I don’t have fiat money. I have this thing, like a card right? So this is my interface for fiat. Like a Visa card, when swiped, the merchant receives fiat money and my crypto BNB is deducted in real-time,” said CZ in an interview.
The world's richest crypto figure revealed that by not using fiat, it means he is not affected by monetary policy. Because fiat money is eaten away by inflation, unlike some cryptos like Bitcoin.
“We are outside the fiat system, we are inside the crypto system,” he added.
The founder of the world's largest crypto exchange also added that although crypto is considered more volatile than fiat, he can still tolerate it. The reason is that crypto is expected to keep rising in the long term.
“The volatility of crypto to fiat depends on how you look at it. But if we compare fiat to crypto, you won’t care, only the spending changes from day to day,” he continued.
