CZ Says Bitcoin Could Overtake Gold in Next Bull Run
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Binance founder Changpeng Zhao stated Bitcoin will overtake gold, potentially during the next bull run. Speaking at the Bitcoin Asia conference in Hong Kong on Thursday, Zhao argued that the barrier is institutional rather than technical. He noted that while large countries have existing mechanisms for gold, they will eventually shift to Bitcoin, narrowing the market value gap to roughly tenfold.
Zhao described Bitcoin as a superior asset and joked that critic Peter Schiff would disagree with this assessment. He advised governments to build crypto reserves by weighting the five largest cryptocurrencies by market cap, yielding 50% Bitcoin, 10% to 20% Ethereum, and a slice for BNB. Zhao expects AI agents to begin transacting in crypto via stablecoins before expanding to Bitcoin.
He highlighted that trading will adopt AI before payments because agents can react to news ten times faster than humans. Additionally, he discussed token launches with top-tier AI companies facing high capital demands for compute infrastructure. Zhao concluded that Bitcoin reaching $1 million is inevitable and will happen quickly, though he emphasized the need for massive-scale utility and payments.
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 currently trading at $80,249.58 with a 1-hour buy ratio of 53.6%, indicating immediate short-term buying pressure. This contrasts with the 4-hour buy ratio of 50.1% and the 24-hour ratio of 45.2%, suggesting that recent buying activity is stronger than the broader daily trend. The 1-hour volume delta is positive at +$1,905,004, showing net inflows in the last hour, while the 24-hour delta is negative at -$123,102,218. This negative 24-hour delta indicates that over the past day, selling volume has significantly outweighed buying volume. The 24-hour spot volume stands at $1,297,370,375 across nearly 5 million trades.
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 7-day average buy ratio was 51.1%, making today's 24-hour ratio of 45.2% a decline of 5.8 points from the weekly norm. Volume for the day was 0.65x the weekly average, indicating a lighter trading day compared to the recent standard. While the 8-day price change was positive at +9.9%, the current day shows a deviation from the typical buying balance seen over the last week. Net buying occurred on 5 of the last 7 days, but the current 24-hour period shows a net outflow compared to the positive 8-day volume delta of +$171,556,665.