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- Changpeng Zhao believes Bitcoin is becoming unavoidable, comparing its importance to that of money and the internet in the global financial landscape.
- The U.S. government’s growing focus on Bitcoin, including potential national reserves, signals the asset’s increasing significance in global finance.
Changpeng Zhao, the former CEO of Binance, has voiced strong support for Bitcoin following the recent developments involving U.S. state-level Bitcoin reserves. His comments come after Montana advanced a bill to create a local Bitcoin reserve, following similar moves by Utah, Oklahoma, and Arizona.
CZ’s comments highlight Bitcoin’s growing impact, likening it to key inventions such as money and the Internet. He emphasizes that Bitcoin is becoming an unavoidable part of the global financial landscape.
Montana recently passed a bill to create a Strategic Bitcoin Reserve, pushing it to a vote on the House floor. This move is part of a broader trend, with other states like Utah, Oklahoma, and Arizona already pursuing similar measures.
In response, Changpeng Zhao tweeted that financial institutions and retail investors must decide whether to purchase Bitcoin now or wait until the U.S. government and individual states have completed their acquisitions. However, CZ firmly believes that “there is no other choice” regarding Bitcoin, suggesting it is becoming increasingly unavoidable.
You can buy bitcoins after the US government is done buying, or before.
There is no other choice, btw. 🤷♂️ https://t.co/Xb2eEOaDA0
— CZ 🔶 BNB (@cz_binance) February 19, 2025
When responding to a comment on his tweet, CZ solidified this idea, declaring, “There is no escape.” He compared Bitcoin to the internet and money, arguing that just as it is impossible not to use the internet or money, it will soon be equally impossible to avoid using Bitcoin.
The U.S. Government’s Growing Focus on Bitcoin
The U.S. federal government is also recognizing Bitcoin’s growing importance. Recently, as noted in our post, President Donald Trump signed an executive order to establish the “Presidential Working Group on Digital Asset Markets.” This group will develop a full regulatory framework for digital assets, including Bitcoin. Additionally, it will seek to explore the creation of a “strategic national digital assets stockpile.”
The group, including prominent figures like Treasury Secretary Janet Yellen, is expected to shape the regulatory landscape for Bitcoin and other digital assets. This federal attention further validates Bitcoin’s status and role in the evolving financial system.
A National Bitcoin Reserve?
According to the CNF report, U.S. Senator Cynthia Lummis has proposed legislation establishing a national Bitcoin reserve in addition to Montana’s initiatives. The plan involves purchasing 1 million BTC, valued at $108 billion over five years. The U.S. government is already the largest nation-state holder of Bitcoin, with holdings exceeding 198,000 BTC, worth roughly $21 billion.
Changpeng Zhao recently remarked on this development, stating that U.S. Bitcoin reserves have “basically been confirmed.” CZ’s comments are part of a broader trend recognizing Bitcoin’s essential role in the future of finance.
However, in Europe, there is ongoing debate over Bitcoin’s place in national reserves, with experts advocating for its inclusion. Despite criticisms from figures like European Central Bank President Christine Lagarde, who dismissed Bitcoin as an unreliable asset, proponents argue that Bitcoin’s security and decentralization make it a reliable store of value.
