Crypto

Bitcoin to Overtake Gold's Significance: CZ Predicts Price Surge

Guavy AI Editorial Team Published August 28, 2026

Instruments

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At the Bitcoin Asia 2026 conference in Hong Kong, former Binance CEO Changpeng Zhao predicted that Bitcoin will surpass gold's significance during the next bull market cycle. According to Zhao, the current value of gold is around $32.4 trillion, while Bitcoin currently holds approximately $1.6 trillion.

Zhao believes that as governments gradually shift their reserves to crypto, this gap will close. He advises a government crypto reserve allocation of 50% Bitcoin, 10-20% Ethereum, and other top cryptocurrencies.

Zhao also foresees AI agents adopting cryptocurrencies for payments, starting with stablecoins and eventually Bitcoin, which could drive Bitcoin's price to $1 million faster than expected. Zhao emphasizes the importance of practical use over price alone.

Bitcoin to Overtake Gold's Significance: CZ Predicts Price Surge

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