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Bitcoin set to surpass gold in value and importance in next bull market, says ex-Binance CEO CZ.

Market News
28 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Zhao expecting this gap to close as governments gradually shift reserves to crypto. 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, potentially driving Bitcoin's price to $1 million faster than expected, emphasizing practical use over price alone.

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