#AltcoinSeasonLoading

Founder and former CEO of Binance, Changpeng Zhao (CZ), has warned that the opportunity for investors to buy Bitcoin before government institutions get involved is quickly closing. In a post on social media platform X on May 8, Zhao wrote:

"You can buy when the government is buying or after they have bought. The option to buy before they do is gradually disappearing."

Zhao's comments came after the state of Arizona became the second state in the United States to pass a law establishing a strategic Bitcoin reserve fund. His remarks coincide with a series of new policies in the United States and around the world, as governments increasingly trend towards legitimizing Bitcoin holdings as a strategic asset.