Bitcoin to Replace USD as Global Reserve Currency, Says CZ at Bitcoin Asia Conference 2025

Binance founder Changpeng Zhao (CZ) predicts Bitcoin will replace the US dollar as the global reserve currency due to its fixed quantity, decentralized structure, and immutable ledger. CZ cites global macro issues like excessive money printing and budget deficits as accelerators for Bitcoin's growth beyond speculative use. He urges central banks and investors to incorporate Bitcoin into their reserve frameworks, citing its track record and improving price stability and market depth.

Binance founder Changpeng Zhao (CZ) has expressed his conviction that Bitcoin (BTC) will eventually replace the US dollar as the global reserve currency. This prediction is based on Bitcoin's fixed quantity, decentralized structure, and immutable ledger, all of which offer significant advantages over traditional fiat currencies. CZ's statement comes at a time when Bitcoin's adoption is rapidly increasing, with more entities, including traditional financial institutions and governments, adding BTC to their balance sheets [1].

As of August 2025, over 300 entities worldwide hold BTC in their balance sheets. This trend is accelerating, with 17 new entities adopting Bitcoin treasuries in the past month alone. Public companies make up more than a third of this total, with 177 corporations holding BTC. This trend is further bolstered by the increasing stock prices that typically follow when companies announce significant moves to start accumulating BTC [1].

CZ believes that Bitcoin's fixed supply and decentralized nature make it an attractive alternative to traditional currencies, which are subject to inflation and manipulation by central banks. He highlights global macro issues such as excessive money printing and budget deficits as accelerators for Bitcoin's growth beyond speculative use. CZ urges central banks and investors to incorporate Bitcoin into their reserve frameworks, citing its track record and improving price stability and market depth [1].

One of the most significant developments in Bitcoin's adoption is the acquisition of 3,018 BTC by Strategy, formerly known as MicroStrategy. This acquisition has pushed Strategy's total Bitcoin portfolio to 632,457 BTC, representing over 3% of the circulating Bitcoin supply. The company's Bitcoin-based investment has generated substantial gains, with the portfolio growing by 4.7% in the current quarter and 25.4% since the start of 2025 [2].

CZ's prediction is supported by the growing number of entities adopting Bitcoin as a reserve asset. As more companies and governments recognize the potential of Bitcoin, its adoption is likely to continue, potentially leading to its status as the global reserve currency. However, it is essential to note that this transition will take time and will depend on various factors, including regulatory frameworks and market acceptance.

References:
[1] https://crypto.news/cz-bitcoin-will-become-the-global-reserve-currency-heres-why/
[2] https://bitcoinist.com/strategy-own-3-of-bitcoin-supply/