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Crypto Macro

Binance Founder Says Bitcoin Could Overtake Gold in Next Bull Run

Binance founder Changpeng Zhao suggests Bitcoin could surpass gold’s market cap in the next bull run, noting gold is currently worth about ten times more than BTC. He acknowledges that countries face a lengthy process to shift reserves into Bitcoin.

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AI take

The comparison draws a concrete scale for Bitcoin's potential, framing a shift from a speculative asset to a reserve competitor. The acknowledgment of a slow sovereign process suggests any such move is structural, not immediate. What matters is whether institutional and state-level adoption patterns align with this timeline, or if market cycles decouple from the gold benchmark. The open question is whether Bitcoin's volatility can narrow the gap without policy catalysts.

Generated by AI for reference only.

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