[Bitcoin Asia 2025 Hong Kong] Changpeng Zhao: Bitcoin Will Replace the US Dollar as a Global Reserve
At the BITCOIN ASIA 2025 conference held in Hong Kong from August 28th to 29th, Binance founder Changpeng Zhao (CZ) expressed his firm belief that Bitcoin will become a global reserve currency in the future. He noted that this is an evolutionary process. We are already seeing not only the traditional financial industry but also some countries beginning to adopt Bitcoin and other cryptocurrencies. This evolution demonstrates how far cryptocurrencies have come.
He is not wrong, BTC has become the global reserve asset because almost 7 to 9 countries have already accumulated a lot of BTC and most of them like USA has not bought though but they seized that should not be counted as contribution to the decentralization and BTC growth because they just seized anyway there are more countries than these 9, mining and accumulating secretly and not sharing anything to the world openly yet.
Many countries have shown their interest in adding BTC in their reserve but the supply is limited. What will be the price of BTC if it becomes a global reserve currency? It will be like a too rare thing for anyone to have BTC and if a country has BTC, then they will have something other countries don't have but demand should exist for it to be of valuable