Binance CEO Changpeng Zhao (CZ) recently shared significant insights into Bitcoin's future prospects, addressing recent market FUD. ๐ก He firmly believes Bitcoin is a far superior asset to gold.
However, CZ emphasized that Bitcoin is still in its early stages of global adoption. While technically advanced, its market value is approximately ten times smaller than gold's, reflecting a wider awareness and ownership of gold currently. ๐
He explained that gold's widespread acceptance stems more from habit and familiarity than technological advantage. Bitcoin is expected to achieve similar recognition, but this transition will naturally take time as people adapt. โณ
CZ used Artificial Intelligence (AI) as an analogy: "We might think AI is an amazing technology that could eventually handle many tasks, but that doesnโt mean it can do everything immediately. Time is always a factor." Patience is key. ๐ง
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