CZ Forecasts Bitcoin Will Eclipse Gold's Dominance in Upcoming Bull Cycle
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reported that Changpeng Zhao, founder of Binance, declared Bitcoin is poised to surpass gold’s dominance during the next major bull market. Speaking at the Bitcoin Asia 2026 conference in Hong Kong, Zhao outlined his vision in a keynote titled “The Bitcoin Century.” He noted that the valuation gap between gold and Bitcoin has narrowed to a 10x multiple, with gold valued near $32.4 trillion and Bitcoin at approximately $1.6 trillion. Zhao stated, “Bitcoin will undoubtedly become more significant than gold,” suggesting this shift could occur in the near future.
He identified the primary obstacle as the extensive infrastructure nations have built around gold over generations, rather than Bitcoin’s capabilities. Zhao revealed he advises governments on cryptocurrency reserves, recommending an allocation of 50% Bitcoin and 10% to 20% Ethereum. He also connected Bitcoin’s trajectory to artificial intelligence, predicting AI agents will adopt cryptocurrency for transactions after integrating stablecoins. Zhao suggested Bitcoin could reach $1 million faster than expected, though he emphasized widespread adoption in payment networks and pension portfolios as the ultimate goal.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
BTC is trading at $80,249.58, with spot volume reaching $1,297,370,375 over the last 24 hours. In the short term, buying pressure appears to be building, as the 1-hour buy ratio stands at 54.7% compared to 47.7% for the 4-hour window. However, the 24-hour buy ratio has dipped to 45.2%, indicating that sellers have dominated the broader daily session. This shift is reflected in the volume delta, which shows a net outflow of $123,102,218 over 24 hours, despite a positive delta of $6,290,567 in the last hour. The cumulative volume delta for the day closed at -$77,243,933, confirming that net selling pressure outweighed buying over the full day.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the market saw a price increase of 9.9% and a total volume delta of +$171,556,665. However, today’s 24-hour buy ratio of 45.2% is notably lower than the 7-day average of 51.1%, a drop of 5.8 percentage points. Trading volume today was also subdued, registering at just 0.65 times the weekly average. While the week showed five days of net buying out of seven, today’s metrics suggest a cooling of momentum compared to the recent trend.