Binance CEO CZ Sees Bitcoin Surpass Gold
Changpeng Zhao, former CEO of Binance, believes that Bitcoin (BTC) will hit $1 million 'much quicker' than the predicted 25 years. Speaking at a conference in Hong Kong, he stated, 'I think for Bitcoin to hit $1,000,000 would be a good thing. And it'll happen.' He also emphasized that he doesn't think it needs 25 years and will occur sooner.
Zhao further added that he thinks Bitcoin will become more important than gold, which has a market capitalization of about ten times that of Bitcoin. He attributed this shift to sovereign reserve allocations eventually tilting towards digital assets, with Bitcoin making up over 50% of strategic crypto holdings alongside Ethereum (ETH) and BNB.
The conference took place during a time when the price of Bitcoin is still below its October 2025 peak of $126,000. However, CryptoQuant reported that Bitcoin may be entering a new bull-market phase with its Bull Score index climbing to 80 from 30.