{"id":9187,"date":"2025-08-29T07:05:08","date_gmt":"2025-08-29T07:05:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cz-bitcoin-will-become-the-global-reserve-currency-heres-why\/"},"modified":"2025-08-29T07:05:16","modified_gmt":"2025-08-29T07:05:16","slug":"cz-bitcoin-will-become-the-global-reserve-currency-heres-why","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cz-bitcoin-will-become-the-global-reserve-currency-heres-why\/","title":{"rendered":"CZ: \u2018Bitcoin will become the global reserve currency,\u2019 here\u2019s why"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Former Binance CEO, Changpeng \u2018CZ\u2019 Zhao believes Bitcoin will become the global reserve currency. So far, his statement\u2019s been proven by the rise in companies and nation\u2019s adopting BTC treasuries.<\/p>\n<div id=\"cn-block-summary-block_9e653fc459161be6b4b047f84c27aada\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Former Binance CEO, Changpeng \u201cCZ\u201d Zhao, said that Bitcoin will become the \u2018global reserve currency.\u2019<\/li>\n<li>As of August 2025, there are more than 300 entities worldwide that hold BTC in their balance sheets.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On August 29, Changpeng \u201cCZ\u201d Zhao <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1961285643692028189\">said<\/a> that Bitcoin (BTC) is well on its way to becoming the global reserve currency. The former Binance CEO observed that more entities, especially from the traditional finance sector, are adding the largest cryptocurrency in the world to their balance sheets than ever before.<\/p>\n<p>\u201cSo I think we\u2019ve seen this evolution, and it\u2019s great to see that now, with both legacy, well traditional financial industries and nations and countries adopting Bitcoin. Plus, other current cryptocurrencies,\u201d said CZ.<\/p>\n<p>\u201cSo I believe we\u2019ve come a really long way,\u201d he added.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>CZ has long been a champion of BTC. When the asset reached a new all-time high on July 14, breaking through the $122,000 threshold, he reminded traders that it was just the start for BTC to reach further heights.<\/p>\n<p>\u201cIt took three years to reach an ATH of $1,000 again in January 2017. We were excited. Now, that is just a small fraction, less than 1% [of the current Bitcoin value],\u201d said Zhao in his post in July.<\/p>\n<p>CZ, who was one of the early adopters of BTC back in 2014, compared the excitement surrounding the July rally to the moment when BTC reached $1,000 back in 2017. His point was later proven a month later when the asset reached its most recent ATH at $124,128.<\/p>\n<h2 class=\"wp-block-heading\">How many entities have started stockpiling Bitcoin?<\/h2>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.net\/\" target=\"_blank\">data<\/a> from BTC Treasuries, as many as 17 new entities have recently adopted Bitcoin treasuries in the past month. In total, there are now 309 entities holding BTC in their balance sheets. Public companies make up more than a third of the total number, with 177 corporations holding BTC. <\/p>\n<p>For comparison, throughout 2024 there were only 37 new companies that began adding BTC to their corporate treasuries. In the first half of 2025 alone, there have already been 51 new companies. As of mid-2025, more than 35 public companies hold at least 1,000 BTC each, up from 24 at the end of Q1 2025. This trend is further accelerated by the boost in stock prices that usually come after a company declares big moves to start accumulating BTC.<\/p>\n<p>Michael Saylor\u2019s Strategy remains the reigning top holder of BTC among Treasury Companies, with 632,457 BTC on its balance sheet. At the moment, Strategy holds around 3% of all BTC in existence.<\/p>\n<p>There are 3.68 million BTC held in treasuries belonging to ETFs and other funds, crypto exchanges, public and private companies, and government bodies. Compared to the number of BTC in circulation globally, which is around 19.9 million, there\u2019s still quite a few left to be acquired.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin treasuries are on the rise, especially among corporate entities and government bodies | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.net\/\" target=\"_blank\">Bitcoin Treasuries<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Binance CEO, Changpeng \u2018CZ\u2019 Zhao believes Bitcoin will become the global reserve currency. So far, his statement\u2019s been proven by the rise in companies and nation\u2019s adopting BTC treasuries.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9187"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9187\/revisions"}],"predecessor-version":[{"id":9188,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9187\/revisions\/9188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3878"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}