CZ says Bitcoin will surpass gold as major powers shift
Bitcoin (BTC)
Editor:
Eugene Serbin
lookonchain.com reports that Binance founder CZ stated at the Bitcoin Asia 2026 conference that Bitcoin will definitely become more important than gold. He acknowledged that major countries possess established systems for valuing and holding gold, so the transition to Bitcoin or crypto assets will take many years. Despite this timeline, CZ believes the shift will absolutely happen because Bitcoin is a far better asset than gold.
This outlook follows a 23% single-week rally in Bitcoin that drove a sharp surge in mining stocks. Some mining shares have outperformed AI-related stocks, with PURR rising more than 20% and MSTR gaining 12%. US-listed crypto concept stocks also extended their rally during this period.
Meanwhile, the Strait of Hormuz shipping resumption remains in doubt as Gulf oil producers accelerate tanker loading while Asian oil imports stay weak. Demand for Nvidia’s AI chips continues to surge, driven by clients generating rapid profits. Goldman Sachs projects Nvidia will see 70% revenue growth in fiscal 2028, keeping the AI demand outlook strong.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 27 August 2026. Not the outlet's figures.
Bitcoin is trading at $79,023.75 with a 24-hour buy ratio of 49.9%, indicating near-even market participation. Short-term pressure shows a 1-hour buy ratio of 48.4% and a 4-hour buy ratio of 46.3%, both lower than the daily average. The 1-hour volume delta is -$3,741,610 and the 4-hour delta is -$26,934,662, showing that selling pressure is currently outweighing buying pressure in the immediate term. Over the last 24 hours, the cumulative volume delta closed at -$73,757,112, confirming net outflows. Spot volume reached $1,148,236,056 across 4,284,527 trades, with net buying occurring in only 8 of the 24 hours. This suggests that while volume is high, the immediate momentum is leaning toward sellers.
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.
The current 24-hour buy ratio of 49.9% is slightly below the 7-day average of 51.6%, representing a 1.7-point drop. Trading volume is also subdued, running at 0.54x the weekly average, indicating a quieter day compared to recent norms. Over the preceding eight days, the price changed by +14.0% with a total volume delta of +$445,688,281. While the weekly trend remains positive with net buying on 6 of 7 days, today’s metrics show a distinct cooling off from that recent intensity.