CZ: Bitcoin Inevitable as US States Race to Create Reserves

Generated by AI AgentCoin World
Saturday, Feb 22, 2025 4:08 am ET1min read
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Bitcoin's influence continues to grow, with former Binance CEO Changpeng Zhao (CZ) asserting that there's "no escape" from cryptocurrency. This statement comes amidst a wave of US states exploring the creation of local Bitcoin reserves, mirroring President Donald Trump's proposed Strategic Bitcoin Reserve.

Montana's House Bill No. 420, which aims to establish a localized Bitcoin reserve, has passed the committee stage and is set for a House floor vote. This development follows similar initiatives in Utah, Oklahoma, and Arizona. CZ took to social media to express his views on the Montana legislation, stating that Bitcoin has become an inescapable reality.

CZ's comments sparked a discussion within the crypto community, with a crypto trader agreeing that no one can avoid Bitcoin. The trader suggested that investors must decide when to buy BTC, as waiting too long may result in paying a premium. At the time of writing, BTC is trading at $99,291.

In a separate post, CZ emphasized the importance of crypto donations in helping individuals during disasters. He shared an anecdote about a previous donation being returned with additional crypto, highlighting the generosity within the crypto community. Earlier, CZ donated 150 BNB worth $100,000 to crypto investors who lost money in a pump-and-dump scheme related to the LIBRA coin.

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