CZ Says Bitcoin Could Overtake Gold, But India’s Gold Rally Tests His Bet
- India’s MCX gold prices jumped 13.51% in August, gaining ₹19,212 per 10 grams.
- Gold’s $32 trillion value exceeds Bitcoin’s $1.58 trillion market size by over $30 trillion.
- Indian gold ETFs drew ₹11.79 billion in two weeks after ₹15.6 billion in July.
Binance co-founder Changpeng “CZ” Zhao says Bitcoin could eventually surpass gold, but India’s August market shows how wide that gap remains. The comparison now extends beyond price performance as the two assets occupy very different positions across savings, regulation, payments, and institutional portfolios.
Gold prices on India’s MCX have climbed 13.51% in August, adding ₹19,212 per 10 grams. Meanwhile, investment flows have remained firm, showing that higher prices have not displaced the metal from financial portfolios.
Bitcoin Faces a $30 Trillion Market-Value Gap With Gold
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