- Binance’s Founder CZ predicts global race for Bitcoin and crypto on the horizon.
- This bold statement could come true as countries continue to heavily accumulate BTC.
- CZ warns countries not to delay adoption.
Since Bitcoin’s debut in 2009, the pioneer crypto asset has come a long way. So much so that it has become a legal tender in many countries and is seen as a competitor for gold. Founder and former CEO of Binance, Changpeng Zhao, CZ predicts global race for Bitcoin and crypto on the horizon. He also warns countries not to delay adoption, as the digital gold BTC will only grow to hit higher prices.
CZ Predicts Global Race for Bitcoin and Crypto
Bitcoin adoption has become the norm in recent times. Just a few years ago, this thought would have been a scandalous one. To highlight, the country that sparked a change was El Salvador, when the country announced last bull cycle that it would make Bitcoin a legal tender. True to their word, the President of El Salvador, Nayib Bukele, announced the following day that they made Bitcoin a legal tender.
From there, El Salvador went on to accumulate Bitcoin at a rapid pace and has been accumulating BTC to this day. The country also created a specific BTC wallet that would bestow $50 worth of BTC for its citizens to encourage BTC adoption. El Salvador even began to ethically and efficiently mine Bitcoin (BTC) with the geothermal power of its volcanoes.
Having led the charge, several countries began to follow its lead and accumulated Bitcoin as a reserve, a treasury, or a stockpile, truly acting as digital gold. Meanwhile, other countries seized BTC from illegal and illicit operations within their borders. However, not all countries are using Bitcoin to its fullest potential, like El Salvador, which used its BTC gains to improve its country.
Presently, Bitcoin is being recognized as a legal tender in many parts of the world and is being accepted as the norm. This leads to the reputable Founder and former CEO of Binance, ChangPeng ‘CZ’ Zhao, making a bold but likely accurate statement. As we can see from the post above, CZ predicts that a global race for Bitcoin and crypto is coming, and warns that countries delaying adoption will be forced to buy in later at much higher prices.
He Warns Countries Not to Delay Adoption
He declares that Bitcoin is the largest economy and buying and adopting crypto will give countries a significant advantage. He says that the more countries delay BTC adoption, the more at an advantage they will be, as the price of BTC will only go higher from here. Thus, he predicts a global race for Bitcoin. Already, BTC is expected to hit $130,000 ATH soon and could go on to hit much higher targets up to $350,000 this bull cycle, if not more.
