CZ says relentless fiat printing by major economies could trigger a massive shift of institutional funds into Bitcoin as a safe haven.
Changpeng Zhao warns of global inflation risks, highlighting Bitcoin’s limited supply and growing appeal among governments and institutions.
CZ denies WSJ claims linking him to WLF deals, calling the report biased and stressing his non-involvement in any international meetings.
Binance founder Changpeng Zhao (CZ) believes nations will soon flood into Bitcoin as fiat currencies weaken. According to CZ, relentless money printing by governments—especially the US and China—is pushing traditional currencies toward instability. He stressed that countries will eventually seek refuge in digital assets. Bitcoin stands out due to its transparency, scarcity, and decentralized nature.
Moreover, Zhao believes institutional and government-level interest in Bitcoin is now stronger than ever. This shift reflects a deeper financial transformation. It’s no longer just individual investors speculating. CZ claims that trillions of dollars could soon enter the crypto markets. He emphasized that governments are looking beyond traditional stores like gold and bonds. Instead, they are eyeing crypto for long-term asset protection.
Fiat Inflation Pushes Bitcoin Adoption
Zhao explained that increasing global liquidity weakens the purchasing power of fiat currencies. As nations expand their money supply, inflation eats into wealth preservation. Consequently, Bitcoin appears more attractive. Besides offering decentralization, it resists inflation due to its limited supply.
Additionally, Zhao noted that the aggressive monetary strategies of superpowers could spark a global transition. He pointed out that Bitcoin serves as a hedge against excessive monetary expansion. More institutions now recognize crypto's potential as a reliable store of value. Hence, it’s no surprise that Bitcoin adoption may surge soon.
CZ Slams WSJ for Misleading Claims
However, CZ also responded sharply to a recent Wall Street Journal article. The piece accused him of aiding World Liberty Financial (WLF) in foreign operations. It suggested CZ acted as a “fixer” during WLF’s international dealings. Zhao denied all claims, calling the article biased and misleading.
Moreover, he revealed that WSJ reached out with a list of flawed questions. Binance's PR team flagged several errors and baseless claims in the article. Despite this, the story was still published. CZ maintained he had no role in any meetings or agreements involving WLF.
He clarified that he met Mr. Saqib in Pakistan for the first time during his visit. Hence, he couldn't have recommended or coordinated any discussions with WLF. Additionally, CZ highlighted that Saqib and WLF had a prior relationship. He stressed that the article overlooked important facts and failed to meet journalistic standards.
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