Binance CEO Changpeng Zhao has once again made headlines by explaining the importance of cryptocurrency at times when it has been failing to score new highs consistently. With the market encapsulated in fear and panic, Binance’s CEO Changpeng Zhao’s interview stirs new hope, with CZ claiming that crypto reserves are the future global power play, and failing to establish an independent Bitcoin reserve could result in countries falling behind on catching up to emerging financial trends.

Also Read: Historical Data Shows Bitcoin Volatility Is a Feature, Not a Flaw

CZ’s New Warning to Nations: Pay Heed to Crypto

In a recent interview that surfaced online, Binance CEO Changpeng Zhao can be seen voicing his opinion on the importance of crypto reserves. He later shared how nations failing to establish crypto reserves will be at a loss, as their price will go up eventually, as the demand for these assets is bound to rise in the future.

“Now the largest economy in the world is adopting crypto, and they’re buying crypto; they’re setting up crypto reserves. That means any other country that’s not doing that now is going to be at a significant disadvantage when they want to do that later. Because the richest country is going to buy Bitcoin first. They’re going to buy a whole lot of them, and the Bitcoin price is going to go up. The next country that comes in to buy them is going to be buying them at a higher price. So they can only buy less, and they have less money.”

CZ later shared how the countries may soon start to indulge in a race when it comes to adopting bitcoin and major crypto assets.

“Now I think we’re going to see a race towards countries adopting Bitcoin and the major cryptocurrencies. It’s good for the crypto industry as a whole. But with some logic, a lot of the retail, smaller guys will be left even further behind.”

Despite Bitcoin’s Dramatic Fall, BTC Accumulation Is on a Steady Rise

Bitcoin is down to its all-time low, exploring $90K levels after hitting a new high of $120K. The token’s downfall is acting as a boon for other crypto investors. Who have zoomed out and can see BTC’s future path and potential. Per a recent post by CryptoRUs, Bitcoin whale accumulation is rising steadily.Reporting a spike of 2%, the largest in four months.

“WHALE ACCUMULATION IS SURGING 🐋. The number of Bitcoin whales holding 1,000+ $BTC is rising fast, especially as the market dips. Wallets with over 1K BTC just climbed 2.2% to 1,384, the highest level in four months. While retail panic sells, big players are quietly loading up. Smart money knows that dips are gifts.”

Also Read: Why Morgan Stanley Expects Strong S&P Gains Next Year: 2 Reasons

  • Changpeng Zhao
  • crypto reserve