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Changpeng 'CZ' Zhao, the co-founder of cryptocurrency exchange Binance, stated that Bitcoin could surpass gold in market value during the next bull cycle.
The Canadian-born billionaire made these remarks to attendees at a conference in Hong Kong, arguing that a shift in how investors view reserve assets is underway.
Zhao acknowledged that gold currently holds a significant advantage, with its market capitalization remaining about 10 times larger than Bitcoin's.
However, he expressed confidence that sovereign reserve allocations will eventually move toward digital assets. In his view, Bitcoin is positioned to represent more than 50% of strategic crypto holdings in the future.
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