Binance Founder Changpeng Zhao Says Multiple Countries Are Buying Bitcoin as Store-of-Value for Sovereign Reserves

Binance founder Changpeng Zhao (CZ) has stated that multiple countries are actively purchasing Bitcoin to hold in their sovereign reserves. This development supports the emerging view of Bitcoin as a global store-of-value asset, comparable to gold and traditional fiat currencies. The trend aligns with recent comments from U.S. officials, including Treasury Secretary Scott Bessent, who described Bitcoin as a store of value, and Commerce Secretary Howard Lutnick, who has built a company focused on aggressively accumulating Bitcoin. The growing accumulation of Bitcoin by nation-states suggests a strategic shift in reserve management amid evolving global economic dynamics.

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