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Former Binance CEO Changpeng “CZ” Zhao has doubled down on his belief that Bitcoin will become the global reserve currency. Speaking on August 29, Zhao noted that both nations and leading financial institutions are increasingly adopting Bitcoin for their balance sheets. His comments come as the number of entities holding BTC treasuries has surged past 309 worldwide, including 177 public companies.
Bitcoin’s rise in adoption mirrors its explosive price growth this year. The cryptocurrency hit a new all-time high of $124,128 in August, building on July’s milestone of $122,000. Zhao, an early Bitcoin adopter, compared the excitement to BTC’s climb past $1,000 in 2017, emphasizing that today’s valuations show how far the asset has advanced.
According to BTC Treasuries, more than 51 new companies have added Bitcoin in just the first half of 2025, outpacing last year’s totals. With 3.68 million BTC now held by corporations, funds, and governments, momentum is building toward Zhao’s vision of Bitcoin as the world’s financial backbone.
