Not Enough Bitcoin to Go Around: CZ Says Even Millionaires Could Be Priced Out

NewsSun, 16 Aug 2026 05:26:04 UTC2 hours ago

TLDR

  • Binance founder CZ says millionaires may soon be unable to afford one full Bitcoin
  • Over 20.07 million of the 21 million Bitcoin supply has already been mined
  • CZ estimates 10-20% of existing Bitcoin may be lost or permanently inaccessible
  • The U.S. alone has 23.6 million millionaires, more than the total Bitcoin supply
  • Binance has also moved to halt transactions with 16 crypto platforms linked to sanctions

Bitcoin is trading near $63,000 as its founder-linked commentary draws fresh attention to just how scarce the asset is becoming.

Changpeng Zhao, known as CZ, made headlines this week after posting on X that millionaires may soon be unable to afford one full Bitcoin. The comment was made in response to crypto analyst Quinten Francois, who pointed out that the U.S. has around 23.6 million millionaires. That number already exceeds Bitcoinโ€™s total maximum supply of 21 million coins.

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