Bitcoin surpass gold: CZ predicts the shift within the next bull run
Binance founder Changpeng Zhao, better known across the crypto world as CZ, told a packed room in Hong Kong this week that he expects Bitcoin to surpass gold in overall market importance during the next major bull run. Speaking at the Bitcoin Asia 2026 conference during a session titled “The Bitcoin Century,” Zhao argued that the gap between the two assets has already narrowed enough to make the shift plausible within the coming cycle, even if gold’s institutional head start remains substantial.
Key takeaways
- CZ predicts Bitcoin will surpass gold in importance during the next major bull run, speaking at Bitcoin Asia 2026 in Hong Kong.
- Gold’s market cap sits around $32.4 trillion, roughly ten times Bitcoin’s $1.6 trillion.
- CZ recommends governments hold crypto reserves with about 50% Bitcoin and 10-20% Ethereum, with the rest split among other large cryptocurrencies.
- He expects AI agents to begin transacting with stablecoins before moving into Bitcoin, and says AI could make trading up to ten times more efficient.
- Bitcoin traded around $79,700 on Thursday after gaining more than 25% over the previous week.
CZ Predicts Bitcoin Will Surpass Gold in Next Bull Run
CZ’s core message was straightforward: he believes it’s no longer a question of whether Bitcoin could surpass gold, but when. “I think Bitcoin will, for sure, become more important than gold,” Zhao told the audience, adding that the transition could happen “pretty soon” and potentially within the next bull cycle.
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