Changpeng ‘CZ’ Zhao Says Bitcoin Will Be Viewed As Just ‘Money’ In The Future, Believes Perception Would Shift From Price And $100K Milestones
Posted On December 10, 2024
Changpeng Zhao, the founder of the world’s biggest cryptocurrency exchange, Binance, said Monday that Bitcoin (CRYPTO: BTC) would transition from a speculative investment to a utility asset over the next decade.
What Happened: During the Bitcoin MENA Conference in Abu Dhabi, Zhao, popularly known as CZ, expressed confidence that the public opinion of the coin would eventually shift from price and $100,000 milestones to something with tangible use cases.
“I think it’s a future of money, so it should be used as a utility. Later on, we shouldn’t be calling it Bitcoin; it’s just money,” CZ remarked.
He expected that with more nation-states adding Bitcoin to their reserves, the price of the asset would increase mathematically, …
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