Changpeng Zhao: Bitcoin reserve in China "inevitable"

According to the China-raised Binance founder, a Bitcoin reserve is "inevitable." But the US will take the first step, according to Changpeng Zhao.

Changpeng Zhao considers a Bitcoin reserve in China to be "unavoidable."
At a conference in Abu Dhabi, the Binance founder stated that smaller countries will be the first to build up Bitcoin reserves. El Salvador, for example, has been buying BTC since 2021 and has already made a profit of $175 million.

"Trump is not yet in office and the Bitcoin strategic reserve has not yet been activated. Once that happens, we'll see what other countries do," Zhao said. "China acts very, very quickly when it comes to new policies," added the China-raised crypto star.

The speculation surrounding the U.S. strategic Bitcoin reserve, by the way, is no concoction of greedy investors. There is already a concrete bill from Republican Senator Cynthia Lummis. The plan is for the US to purchase a total of one million BTC over the next five years.

The incoming US president, Donald Trump, has already announced a strategic Bitcoin reserve during his election campaign. He promised that the U.S. "Will retain 100 percent of the Bitcoin they currently own or acquire in the future."

Whether the U.S. will actually implement this proposal remains to be seen. At the time of writing, investors estimate a 38 percent chance of this happening.