CZ: Bitcoin May Flip Gold in the Next Bull Run In a Bitcoin Asia fireside chat published by Bitcoin Magazine on Aug. 28, 2026, Binance founder CZ @cz_binance said that if Bitcoin gradually becomes a strategic reserve asset for countries, its ultimate importance will likely

What happened

Binance founder CZ said at a Bitcoin Asia event on August 28, 2026, that Bitcoin could surpass gold in importance during the next bull run if countries adopt it as a strategic reserve asset. This statement was reported by Bitcoin Magazine and shared on X.

Confirmed

Global impact / market context

If Bitcoin becomes a reserve asset, governments would buy and hold it, increasing demand and potentially raising its price. This could draw more investors into cryptocurrencies, while gold might see reduced demand as a safe-haven store of value.

Analyst inference

The next bull run refers to a period of rising prices in cryptocurrency markets. CZ’s view suggests that Bitcoin’s role is shifting from a speculative asset toward a mainstream financial holding, which may influence how investors allocate money between digital and traditional assets.

Analyst inference

What to watch

1. CZ’s exact words from the Bitcoin Asia chat, which were published by Bitcoin Magazine on August 28, 2026, form the basis of this analysis. His statement is directly quoted in the supplied article. Confirmed
2. Watch for any official statements from countries about adopting Bitcoin as a reserve asset. If such announcements occur, they would provide concrete evidence supporting CZ’s prediction. Proposed
3. Observe whether gold prices fall or stabilize while Bitcoin gains value in the next bull run. A shift in investor preference would confirm CZ’s forecast about Bitcoin flipping gold. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com