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Binance’s CZ Says Bitcoin Can Overtake Gold as a Sovereign Reserve

He pitched Bitcoin as a future reserve asset that could also fund large-scale AI compute through token models.

Overview

  • CZ spoke at Bitcoin Asia in Hong Kong on Thursday and said Bitcoin could surpass gold in market value as soon as the next bull run.
  • He predicted Bitcoin could reach $1,000,000 per coin sooner than most expect and said widespread utility, not price alone, will drive that path.
  • CZ advised governments to build crypto reserves weighted by market cap, with roughly 50% in Bitcoin, 10–20% in Ethereum and a slice for other top tokens, a plan he called “a little bit self-serving.”
  • He argued AI agents will start transacting in crypto using stablecoins first and proposed “data center” or compute tokens as a way to fund massive AI infrastructure costs.
  • CZ cautioned that entrenched valuation and reserve systems around gold will slow change and noted his own 2023 departure from Binance’s CEO role when discussing how policymakers may view his advice.