Binance founder Changpeng “CZ” Zhao has made a bold forecast for Bitcoin, suggesting the world’s top cryptocurrency could one day overtake gold in total value. Despite gold’s dominance, Zhao believes Bitcoin’s rapid growth and rising market confidence could eventually help it “flip” the precious metal.

Currently, Bitcoin’s market capitalization stands at around $2.21 trillion, far below gold’s $30.34 trillion. Yet, BTC’s performance has remained impressive, climbing 61% so far this year compared to gold’s 60.7%. Analysts note Bitcoin’s increasing role as a hedge against currency devaluation, similar to gold, and point out that both assets tend to rise alongside M2 money supply growth.

Bitcoin last traded around $111,000 while gold hovered near its all-time high of $4,346.45. Though BTC is still not an official reserve asset, its consistent performance and historical rallies following gold peaks suggest that closing the gap with gold could soon become a reality.