The founder and former CEO of Binance, Changpeng Zhao, warned that the opportunity for investors to buy bitcoin before government agencies take action is rapidly closing. In a post shared on May 8 via the social media platform X, Zhao stated:
You can buy while the government is buying or after they have bought. The 'before' option will disappear.
Zhao's comments came after Arizona became the second U.S. state to enact a law establishing a strategic bitcoin reserve fund. His remarks coincide with a series of policy developments in the U.S. and globally, as governments increasingly formalize their holdings of strategic bitcoin.
In a groundbreaking move, New Hampshire has become the first U.S. state to enact strategic bitcoin reserve policy. Following this, Arizona passed House Bill 2749, establishing a reserve fund for unclaimed digital assets like staking rewards and airdrops.
Meanwhile, Texas is pushing Senate Bill 21, which has been passed by both the Senate and a House committee, aimed at creating a state-managed bitcoin reserve fund focused on high market capitalization cryptocurrencies.
States are increasingly adopting digital assets in financial strategies, with bitcoin viewed as a hedge against inflation and a diversification tool. This movement has gained momentum after President Donald Trump signed an executive order to create a national bitcoin reserve fund and a broader cryptocurrency reserve.
The former CEO of Binance is currently advising governments on cryptocurrency policy and reserves, helping countries like Pakistan and Kyrgyzstan integrate digital assets and blockchain into public systems. His contributions support efforts to diversify national reserves with assets like bitcoin and BNB, aligning with the global trend of cryptocurrency adoption. Despite concerns about volatility, proponents argue that bitcoin can protect against financial instability and enhance monetary sovereignty in the digital economy.
