CZ: Bitcoin to $1M Much Quicker Than 25 Years at Hong Kong Event
Former Binance CEO Changpeng Zhao told a Hong Kong conference that Bitcoin will hit $1 million faster than 25 years and will eventually surpass gold in importance for sovereign reserves.
Changpeng Zhao, the former Binance chief executive, said at a public conference in Hong Kong that Bitcoin will reach one million dollars much faster than 25 years and called the outcome positive.
Zhao spoke on the Nakamoto Stage at the Hong Kong Convention and Exhibition Center during a session moderated by Kevin Follonier. He stated that Bitcoin will become more important than gold over time and that sovereign reserves will shift toward digital assets, with Bitcoin accounting for more than half of strategic crypto holdings alongside Ethereum and BNB.
Context and limits
The comments are Zhao's personal views expressed at the event. No new on-chain data, regulatory filing, or protocol change accompanied the statements. Bitcoin last traded below 65,000 dollars on August 18 and below 79,000 dollars on August 28, according to Coin Metrics, with a 365-day moving average near 83,000 dollars noted by CryptoQuant.