Bitcoin Will Replace USD As Global Reserve: Binance Founder CZ
Binance founder Changpeng Zhao (CZ) recently spoke at the Bitcoin Conference in Hong Kong. During his talk, CZ said that he believes Bitcoin (BTC) will become the global reserve currency, thereby replacing the US dollar (USD). CZ also spoke about Bitcoin’s role as the “gold” of the crypto ecosystem. However, the crypto billionaire highlighted BTC’s technical limitations. The network can only handle seven transactions per second at the moment. CZ has an extremely bullish outlook on Bitcoin (BTC). In an interview with Rug Radio, he said Bitcoin (BTC) could go between $500,000 and $1 million in this cycle. This forecast comes without BTC’s need to replace the US dollar. How Likely Is Bitcoin To Replace The US Dollar (USD)? Source: Canva CZ is not the only one who thinks that the US dollar’s position as the global reserve currency is under threat. BlackRock CEO Larry Fink also believes that the US dollar’s dominance will not last forever. Fink cites...