CZ: Bitcoin Reserves Signal Inevitability of BTC Adoption

Bitcoin Reserves and State Adoption

Changpeng Zhao, the former CEO of Binance, has weighed in on the growing trend of U.S. states establishing Strategic Bitcoin Reserves. Montana recently passed a bill moving the creation of a local Bitcoin reserve to the voting stage, joining Utah, Oklahoma, and Arizona. CZ emphasized the inevitability of Bitcoin adoption, stating, "There is no escape" from its widespread use. He likened Bitcoin to foundational inventions like the internet and money, asserting that just as these are indispensable, Bitcoin will become unavoidable.

A Call to Action for Investors

Zhao encouraged financial institutions and retail investors to consider buying Bitcoin, whether before or after U.S. federal and state governments complete their purchases. He expressed confidence in Bitcoin's future ubiquity, comparing it to the internet and money, which are integral to modern life.

CZ's Personal Crypto Philanthropy

In a separate incident, CZ shared an unexpected outcome of his crypto donation. After donating 150 BNB (worth approximately $100,000) to victims of the LIBRA coin scam, he received his donation back, along with additional crypto. The recipient, a university student, had added $50,000 of his own funds to aid the victims. CZ noted the student likely profited from BNB, highlighting the community-driven nature of crypto philanthropy.

Conclusion

CZ's comments underscore Bitcoin's growing role in global finance and governance. As U.S. states move toward establishing Bitcoin reserves, his analogy to the internet and money suggests a future where BTC is as essential as these cornerstone innovations.