Binance Founder CZ Predicts Bitcoin Will Surpass Gold in the Next Bull Run

Binance founder Changpeng Zhao (CZ) claimed in a Hong Kong conference that Bitcoin will soon outpace gold.

The Gold Shadow: A New Leader Emerges

■BTC’s market cap is now a tenth of gold’s, creating a massive investment opportunity.

■Zhao highlighted the need for sustainability and digital liquidity as key drivers for a shift away from gold reserves.

Institutional Shift: A Long‑Term Process

■Major countries have long‑term gold‑reserve mechanisms; a similar transition to BTC will take time.

■Zhao recommends governments build crypto reserves by removing stablecoins and weighting the top five cryptocurrencies.

■Proposed allocation: Bitcoin 50%, Ethereum 10‑20%, BNB 5%.

AI and Crypto: The Next Trading Era

■AI agents are already transacting in stablecoins, making Bitcoin integration a natural next step.

■Zhao discussed a “data‑center token” model that could cover compute costs of $30‑50 billion per gigawatt.

■The market sees this as a chance to increase trading speed by a factor of ten.

Skeptics and Realistic Expectations

■Critics like Peter Schiff doubt Bitcoin’s reliability compared to gold.

■Zhao set a $1 million price target as a “nice scenario” but stressed the importance of real‑world usage.

Conclusion: A Roadmap for Investors

■The narrowing price gap between BTC and gold signals a potential shift toward a sustainable digital reserve.

■Managers and investors will continue to monitor the institutional adoption and AI integration of Bitcoin.

Deniz Arel: Markets view CZ’s claims as both an opportunity and a warning. While volatility remains high, institutional oversight and AI integration could accelerate Bitcoin’s eventual surpassing of gold.