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Speaking at Bitcoin Asia in Hong Kong on Thursday, Changpeng Zhao told a session called "The Bitcoin Century" that Bitcoin ($BTC) will become more important than gold for sovereign holders.
He put the current market value gap at roughly tenfold, and said the crossing could come as early as the next bull run. The case for Zhao's timeline rests on a few interlocking claims.
Countries already hold gold through entrenched valuation and custody infrastructure, and replacing that apparatus takes years.
But the shift, he argued, is already beginning: he told the audience that he routinely advises governments to build crypto reserves.
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