Bitcoin Closing In on Gold: CZ Sees Parity Within Next Cycle

Binance co-founder Changpeng Zhao recently spoke at Bitcoin Asia in Hong Kong, where he discussed the market-value gap between Bitcoin and gold. According to CZ, this difference could close during the next cycle, driven by sovereign reserve adoption, broader payments use, and demand from pension funds.

CZ estimated that the current value of gold is around ten times higher than that of Bitcoin. However, he noted that it may take years for economies to adjust their reserves to include Bitcoin.

When asked about what would need to happen for it to be considered 'the Bitcoin century,' CZ replied, 'For Bitcoin to hit a million dollars would be a good thing. And it will happen.'