At the BITCOIN ASIA 2025 conference held in Hong Kong on August 28-29 , Binance founder Changpeng Zhao (CZ) expressed his firm belief that Bitcoin will one day become a global reserve currency. He noted that this is an evolutionary process. We are already seeing not only the traditional financial industry but also some countries adopting Bitcoin and other cryptocurrencies. This evolution demonstrates how far cryptocurrencies have come.
Bitcoin will become the global reserve currency
Binance founder and executive chairman Changpeng Zhao has expressed his belief that Bitcoin will become a global reserve currency , replacing the US dollar. He made the remarks during the opening day of the 2025 Bitcoin Asia Conference, where he served as a keynote speaker and emphasized Bitcoin's role as gold in the crypto ecosystem. Before an enthusiastic audience, he portrayed Bitcoin as a fundamental evolution in the monetary system that could lead to greater financial stability and transparency, in addition to its use as a speculative asset.
Furthermore, Zhao Changpeng 's comments demonstrate growing confidence in Bitcoin's institutional uptake and long-term prospects, citing its fixed supply, decentralized structure, and immutable ledger as making it an ideal reserve asset. He asserts that unlike traditional currencies, which are subject to inflation and geopolitical manipulation, Bitcoin offers a censorship-resistant and transparent path forward.
At the conference, he raised global macroeconomic issues, such as excessive money printing and budget deficits, as factors accelerating Bitcoin's growth beyond speculative use. He called on central banks and international investors to begin incorporating Bitcoin into their reserve frameworks. Zhao Changpeng stated that global trust in centralized currencies is waning, and Bitcoin offers a resilient alternative. Citing Bitcoin's performance over the past decade, he predicted that its price stability and market depth will continue to improve as institutional investors, government agencies, and multinational corporations embrace it. He emphasized the analogy with the early gold standard and highlighted Bitcoin's network effects and programmability as its current characteristics.
Mainstream finance gradually accepts digital assets
Changpeng Zhao further noted that the increased exposure of major global banks and asset managers to spot Bitcoin ETFs demonstrates the gradual normalization of digital assets within mainstream finance. Finally, he called on policymakers and financial leaders to reconsider Bitcoin's role in the monetary system. He stated that we are currently witnessing a monetary revolution. The sooner we prepare, the smoother the transition will be.
If Bitcoin becomes widely accepted, it has the potential to disrupt the U.S. dollar's nearly 40-year dominance in global trade, central bank reserves, and cross-border payments. As the conference progressed, all eyes were on how Changpeng Zhao's remarks would influence future policy and investment decisions from Asia to the West. As Bitcoin continues to mature, it is now on its way to becoming a global reserve currency . His emphasis on its ability to protect against inflation and geopolitical conflict has traditional financial institutions pouring funds into the currency.