📌 Changpeng Zhao (CZ) on Bitcoin
Changpeng Zhao (CZ) made noteworthy statements regarding Bitcoin’s long-term potential during a Q&A session.
CZ argued that Bitcoin is fundamentally a far superior asset to gold, but it is still in its early stages and global adoption will take time.
“I believe Bitcoin is much better than gold. However, Bitcoin is still a relatively new phenomenon and its adoption rate is low.”
CZ noted that gold’s market value is currently about 10 times that of Bitcoin, which explains why more people know about and own gold today.
According to CZ, gold’s wider acceptance is mainly due to habit and familiarity, not technological superiority.
He added that Bitcoin will also gain this familiarity over time, but the process requires natural adaptation.
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