Binance Founder Projects High-Scale Bitcoin Government Adoption in Ten Years

Binance Founder Projects High-Scale Bitcoin Government Adoption in Ten Years
фото показано с : zycrypto.com

2024-12-15 17:35

Former Binance CEO Changpeng Zhao pointed to increased government adoption of the asset in the next ten years. In an interview, he highlighted its use-case as the future of money to drive massive investment. This will increase the asset’s price as well as the wider crypto sentiment.

Zhao hinted at more strategic Bitcoin reserves for countries to flip negative macro realities. Talks around a Bitcoin reserve in the United States gained momentum in the run-up to the U.S. Elections. With a rising national debt, crypto enthusiasts tip the asset to offset debt and promote finance and cross-border payments. 

A possible US backing could influence other jurisdictions to adopt the top crypto for payments and a reserve. After the U.S. election, the price of Bitcoin hit new milestones, shaking off previous corrections and setting the tone for positive projections.

Trading above $100K, bulls set sights on a higher rally on the back of increased institutional adoption. These inflows to the asset could spike growth coupled with government adoption in the coming decade.

Bitcoin’s Utility Over Gold

Zhao highlighted the advantages Bitcoin (BTC) has over gold amid recent adoption. Bitcoin continues its upward trajectory backed by heavy institutional buys, with bulls projected over-the-top surges for the crypto leader in five years. Gold and Bitcoin are popular as a store of value for varying groups of investors with a decade-long debate on utilities.

In a recent interview, Zhao noted that Bitcoin is more scarce, coupled with new use cases that could fuel its price. Bitcoin is termed digital gold because of its portability and access to a wider adoption net, which users say helps its case against precious metals.

According to him, the scarcity of the asset will drive more investment in the coming years. On the other hand, the world doesn’t know the total supply of gold despite its availability for centuries.

“I think it should be way more than that (a 16 trillion market cap), as you said it has many advantages over gold and gold is not a limited asset, people control the supply of gold by not mining and we don’t know how much they are. With Bitcoin, we know exactly how certain it is and there’s not a whole lot left.” CZ added.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Tokenomy (TEN) на Currencies.ru

$ 0.0206674 (+0.25%)
Объем 24H $556
Изменеия 24h: 4.15 %, 7d: 7.96 %
Cегодня L: $0.0206674 - H: $0.0206674
Капитализация $0 Rank 6011
Доступно / Всего 0 TEN

ten years binance adoption government highlighted interview

ten years → Результатов: 126


Фото:

Survey: 14% of Russians Think Cryptocurrencies Will Oust Fiat in 10 Years

A new survey revealed the different stances of Russians toward cryptocurrencies and fiat currency. Specifically, some of the respondents believe digital assets will replace fiat in ten years. Residents in Moscow Believe Cryptos Will Replace Fiat, While Others Are Skeptical According to Nord News, the research was conducted by Otkritie Bank, a Moscow-based financial institution […]

2021-4-27 11:30


Фото:

Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards

On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school […]

2021-1-11 20:30


EXCLUSIVE: Alex Mashinsky Says Take Whatever Spare Cash You Have And Buy Some Bitcoin

Full transcript: Jessica Walker (JW): We’re ending the year on another hugely positive note. We’re seeing bitcoin (BTC) as the best performing asset, over the past ten years. How are you reviewing this year’s performance in crypto? Alex Mashinsky (AM): Well, we were obviously tested a few times — once with COVID, and again, with … Continued The post EXCLUSIVE: Alex Mashinsky Says Take Whatever Spare Cash You Have And Buy Some Bitcoin appeared first on BeInCrypto.

2020-12-31 14:57


Фото:

Ten Years Ago Satoshi Nakamoto Logged Off – The Final Message from Bitcoin’s Inventor

Ten years ago today, the pseudonymous programmer (or programmers) Satoshi Nakamoto logged into the forum bitcointalk.org one last time, and left the Bitcoin community for good. The day prior Nakamoto wrote a final message to the crypto community by offering a quick build and telling developers that there’s more work to be done on denial-of-service […] The post Ten Years Ago Satoshi Nakamoto Logged Off – The Final Message from Bitcoin’s Inventor appeared first on Bitcoin News.

2020-12-14 18:45


BTC-e Exchange Operator’s Trail for Bitcoin Fraud Begins in Paris

The four-day trial of Alexander Vinnik, 41, alleged to have used ransomware in a $157 million (135 million euros) bitcoin fraud that involved 200 victims, began in Paris on Monday. The Russian man who is wanted both in the US and Russia faces up to ten years in prison over charges of extortion, money laundering, […] The post BTC-e Exchange Operator’s Trail for Bitcoin Fraud Begins in Paris first appeared on BitcoinExchangeGuide.

2020-10-21 21:01


Uh Oh, Looney Tunes Just ‘Cursed’ Itself with a Bitcoin Tweet

It’s been ten years, when are people going to learn? Some will never! That's' why there is a bitcoin obituary, according to which, the digital asset has died 392 times. Yesterday, the Twitter account of the animated comedy series Looney Tunes, run by an ACME intern, who joined in April this year, tweeted, elmer asked […] The post Uh Oh, Looney Tunes Just ‘Cursed’ Itself with a Bitcoin Tweet first appeared on BitcoinExchangeGuide.

2020-9-9 18:05