A former Binance CEO told a Bitcoin conference in Hong Kong that Bitcoin will reach $1 million well before 25 years pass, and predicted the asset will eventually become more important than gold. Changpeng "CZ" Zhao's remarks came as Bitcoin trades still well below its October 2025 peak, with CryptoQuant flagging early signs of a new bull-market phase.
Changpeng "CZ" Zhao, the former Binance CEO, said this week that Bitcoin (BTC) will reach $1 million and that the climb will not take 25 years. He said on the conference's Nakamoto Stage, in a video clip posted by Bitcoin Magazine: "I don't think we need 25 years. I think it's gonna happen much quicker."
Bitcoin Overtaking Gold
Zhao spoke during "The Bitcoin Century," a session moderated by When Shift Happens host Kevin Follonier on the opening day of the two-day event at the Hong Kong Convention and Exhibition Center. He said Bitcoin will become more important than gold, adding that it will take some time but will happen.
He put gold's market capitalization at about ten times Bitcoin's and said sovereign reserve allocations will eventually tilt toward digital assets, with Bitcoin making up more than 50% of strategic crypto holdings alongside Ethereum (ETH) and BNB.
Rally Runs Into an $83,000 Test
Bitcoin closed below $65,000 on August 18 and $79,000 on August 28, per Coin Metrics data, still well below its October 2025 peak of over $126,000.
CryptoQuant said in an August 25 report that Bitcoin may be entering a new bull-market phase, with its Bull Score index climbing to 80 from 30. Confirmation, it said, requires a daily close above the 365-day moving average near $83,000.
South China Morning Post reported that the remarks drew applause and cheers from a large crowd, against what it described as a lingering crypto slump with capital and talent moving toward artificial intelligence.
Source: CryptoPotato
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