Binance Founder CZ Predicts Bitcoin Surpassing Gold’s $30T Market Value

Binance founder Changpeng Zhao, also known as CZ, forecasts that Bitcoin will one day be worth more than gold, which is currently valued at $30 trillion.

Gold is the most valuable asset in the world, while Bitcoin, the top cryptocurrency, is ranked 8th globally with a total value of around $2.2 trillion, and a price above $110,000.

Analysts Back CZ Prediction

CZ’s comment sparked a wave of reactions in the crypto community. Analyst CryptoGao said that gold is still hitting record highs, and he believes Bitcoin will soon catch up and surpass it, supporting CZ’s prediction.

Market analyst Ben Todar supported CZ’s claim, saying Bitcoin is “harder, faster, and borderless,” making it a better form of money for the digital world. He described gold as a symbol of the physical age and Bitcoin as its internet age successor, adding that Bitcoin can be transferred instantly and verified on-chain.

Other analysts agree with CZ’s prediction, and some even suggest it might be a good time to sell gold and buy Bitcoin because the market shows digital assets could be at a low point.

Experts Debate Whether Bitcoin Can Overtake Gold

Billionaire Anthony Scaramucci agreed with CZ, saying in a CNBC interview that Bitcoin could reach $1.5 million, matching the value of gold.

He said big companies are adopting Bitcoin faster, helped by BlackRock’s BTC ETF, and compared the situation to the tech boom of the early 2000s.

In addition, Scaramucci noted that younger people prefer Bitcoin, and while older investors still favor gold, future wealth will likely flow into digital assets.

On the other hand, gold advocate Peter Schiff opposed CZ’s claims, saying gold is actually the biggest threat to Bitcoin, and argued that the crypto industry criticizes gold because it challenges Bitcoin’s image as digital gold.

Schiffs highlights that gold is strong again, so there is no reason to buy Bitcoin instead, framing the metal as a more stable investment during uncertain times.