Changpeng Zhao is confident that Bitcoin will catch up with gold, but for now, there is a gap of more than $27T between the two assets.
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Former Binance CEO Changpeng Zhao (CZ) believes that Bitcoin will eventually overtake gold in terms of total market capitalization. For now, the gap between the two assets exceeds $27T.
According to CompaniesMarketCap, gold currently ranks first among global assets with a market capitalization of $29.672T and a spot price of $4,268 per ounce. Bitcoin holds the eighth position with a market capitalization of $2.215T and a price of $111,099 per coin.
Researcher Shanaka Anslem Perera calculated that Bitcoin would need to reach approximately $1.49M per coin to match gold’s total valuation.
Perera explained that with Bitcoin’s current circulating supply of around 19.9 M coins, every additional $1 T in demand would increase the asset’s price by roughly $50,000.
“The finality of Proof-of-Work turns energy into computation, while gold merely stores atoms. In a world of rising sanctions risk and accelerating financial flows, value will shift to assets that can be transferred within minutes,” he said.
The researcher added that the so-called “tipping point” will occur once the BTC-to-gold market cap ratio surpasses 0.5. After that, the reflexivity effect will accelerate the process.
Among the key catalysts, he listed central bank purchases, Bitcoin mining by energy companies, and growing institutional demand through ETFs and corporate reserves.
“Bitcoin will flip gold. I don’t know when exactly. Might take some time, but it will happen. Save the tweet.,” CZ wrote, sparking widespread discussion.
User EᴛʜᴇʀNᴀꜱʏᴏɴᴀL noted that gold has built its value over thousands of years, while Bitcoin has reached comparable levels in just 15.
However, some users questioned the sincerity of CZ’s statement. Critics suggested his comment was another attempt to influence the market amid allegations that Binance underreported liquidation volumes during the October 10 market crash, when total trader losses exceeded $19 B – a record high even compared to the “COVID” March in 2020.
Jeff Yan, CEO of Hyperliquid, claimed that Binance’s system may not reflect actual liquidation volumes because it records only one event per second.
“During high-volatility periods, actual volumes can be underreported by as much as 100 times,” he explained, citing the exchange’s documentation.
The surge in gold prices, which recently hit a new all-time high of $4,300, along with the crypto market’s recovery after a correction, has renewed attention to long-term forecasts.
According to Coinmarketcap, Bitcoin fell by 2,68% over the past 24 hours to $108,000, though the gap with gold remains significant.
Meanwhile, users also pointed to CZ’s association with the decentralized platform Aster, which competes with the rapidly growing exchange Hyperliquid in the futures market.
“Karma will catch up with you, and it will be deserved. The crypto space has had enough of your games,” one user wrote in response to CZ’s latest prediction.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
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