CZ Says Bitcoin Could Overtake Gold Next Bull Run: The Price It Needs to Hit

Changpeng Zhao, widely known as CZ and the former chief executive of Binance, said Bitcoin could overtake gold in a future bull market, according to a report originally published by BeInCrypto. The comparison centers on the total market value of Bitcoin relative to the value investors assign to gold.

Bitcoin is the largest cryptocurrency by market capitalization, while gold has long been treated as a global store of value and a hedge asset. For Bitcoin to surpass gold on a market-cap basis, its total value would need to exceed gold’s estimated market value, implying a substantially higher Bitcoin price than at lower market-cap levels.

Zhao’s comments frame the prospect as dependent on the next bull run rather than as a near-term certainty. Crypto bull markets have historically been associated with rising demand, stronger investor risk appetite and increased attention on digital assets, though market cycles can also bring sharp volatility.

The price required for Bitcoin to overtake gold would depend on assumptions about Bitcoin’s circulating supply and the estimated value of above-ground gold. The comparison remains a closely watched benchmark for investors assessing Bitcoin’s potential role alongside traditional store-of-value assets.