Changpeng Zhao reaffirms belief in Bitcoin, calls it a hard asset

Crypto billionaire and Binance co-founder Changpeng Zhao doubled down on his belief in Bitcoin’s long-term viability, calling it a hard asset.

Reacting to Bitcoin’s recent rebound, CZ, as he is fondly called, stated that Bitcoin was designed as an inflation hedge rather than for short-term trading. He shared his opinion on his X page, sparking reactions and a counterargument.

The founder of the world’s largest exchange stressed that bitcoin holders should focus on long-term adoption and value. He believes this is a smarter way to leverage Bitcoin and is much better than short-term trades.

His assertions, however, were contested by his X community, with some pointing out Bitcoin’s volatility as a liability.

One user replied, “Hard assets don’t usually fluctuate 20% in a week.” Another user wrote, “If it can lose 50% in months, calling it a ‘hard asset’ is a stretch.”

CZ’s statement follows Bitcoin’s latest rebound to $71,000 after nearly hitting $60,000 weeks ago. Bitcoin’s recent price level comes as a shock, after the asset broke the $100,000 psycological barrier last year, raising hopes in the community.

CZ has earlier predicted Bitcoin’s price to hit $1,000,000 over time. However, he stated this will take many years and did not give a timeline for his prediction. Robert Kiyosaki, Author of Rich Dad, Poor Dad, reacting to Bitcoin’s rebound, urged crypto enthusiasts to take advantage of the crash, predicting Bitcoin to reach $750,000 after the crash.

The self-acclaimed financial analyst also predicted Ethereum to reach $95,000. He added that gold would hit $35,000, and silver would reach $200 per ounce. The author has not given any basis for his prediction at the time of the report.

At press time, Bitcoin is trading for $70,969, surging by 3.8% in the last 24 hours. The flagship digital asset remains the biggest in the market by a stretch, with a market capitalisation of $1.42 trillion.

Last updated: March 23, 2026