CZ: Bitcoin will eventually replace gold

Binance founder Changpeng Zhao (CZ) recently shared his firm views on Bitcoin's future on social media. He stated, "Bitcoin will eventually replace gold as the mainstream store of value, although I can't give a precise timeline.

This process may not happen overnight and may take years or even longer, but the trend is inevitable—it will happen." He further noted that Bitcoin possesses many advantages over gold, such as portability, high divisibility, verifiable scarcity, and more efficient transmission and storage capabilities in the global digital economy.

Although Bitcoin currently lags behind gold in market size and traditional acceptance, as more people recognize its value and potential, Bitcoin will gradually gain wider trust and ultimately replace gold.