CZ: Countries Have Started Buying Bitcoin, A New Rally May Be On The Way!!
Binance founder Changpeng Zhao (CZ) announced that many countries, led by the United States, have begun to establish national Bitcoin reserves. According to CZ, this development may signal a new wave of increases in Bitcoin prices.
"The Later You Wait, The More Expensive It Becomes"
According to information shared by analyst Crypto Rover, CZ stated in a closed session on July 5, "After the US started buying Bitcoin, other countries also took action. The later you wait, the more expensive crypto becomes."
It is stated that the US holds approximately 200,000 BTC, and some governments have reportedly sought consulting from Binance regarding wallet security and custody infrastructure. CZ suggested that countries initially use professionally secured multi-signature custody solutions. He mentioned that as reserves grow, they could transition to cold wallet self-management options.
According to CZ, Binance supports governments in the following areas:
Wallet type selection
Custody strategies
In-house expertise needs for key security
Multi-layer security measures
These steps indicate that efforts to keep crypto assets secure and sustainable at the state level are increasing.
Rally Signal in the Charts
According to a chart shared by analyst Crypto Rover, Bitcoin may have entered an upward trend by breaking through the resistance line, similar to the structure seen in previous decline periods.
