CZ Says Bitcoin Could Overtake Gold Next Bull Run: The Price It Needs to Hit
Binance founder Changpeng Zhao, widely known as CZ, said Bitcoin (BTC) could soon overtake gold in total value. He pegged the current gap at only about tenfold.
That gap could close within the next market cycle, Zhao said, if nations keep treating Bitcoin as a reserve asset.
Why CZ Thinks Bitcoin Will Overtake Gold
Speaking in a fireside chat at Bitcoin Asia, Zhao argued gold's advantage isn't the metal itself. It's the mature custody, valuation, and reserve systems nations have already built around it.
He said shifting a major economy's reserves typically takes years. Zhao still expects the shift to happen eventually.
The main risk to that timeline is a rival digital asset overtaking Bitcoin first. Zhao called that scenario unlikely for now.
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