Bitcoin could overtake gold during the next cryptocurrency bull market, according to Changpeng Zhao, the founder of Binance. Zhao said gold’s value is currently about 10 times greater than Bitcoin’s, highlighting the scale of the gap between the two assets. He also said that countries moving toward Bitcoin would face a process lasting several years, rather than an immediate shift. His comments frame any potential change in the relative standing of Bitcoin and gold as a gradual development at the national level. The comparison links Bitcoin’s future market position with gold, a long-established store of value and commodity asset. Zhao did not provide a specific timeframe for the next bull run or quantify a potential Bitcoin price. The remarks were reported by Decrypt.
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Decrypt
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