Binance Founder CZ Says Millionaires May Struggle to Afford 1 Bitcoin, Here’s Why

Binance founder Changpeng Zhao, also known as CZ, is once again gaining attention from the crypto market participants with his latest analysis and comments. For context, CZ has recently warned that owning one full Bitcoin would become difficult even for millionaires.

Notably, his latest comments focus on the fixed supply of Bitcoin and potentially lost coins. Besides, the comments have also revived his longer-term $1 million Bitcoin outlook, which has further caught the eyes of crypto market enthusiasts.

CZ Sparks Discussions With Latest Bitcoin Comment

Changpeng Zhao (CZ) recently highlighted the advancing scarcity of Bitcoin in an X post. He noted that more than 20.07 million BTC had been mined by August 2026, leaving roughly 4.4% of BTC’s maximum 21 million supply yet to be created.

Meanwhile, he also pointed to another factor that could tighten the available supply. CZ estimated that 10% to 20% of existing Bitcoin may be lost, stuck, or permanently inaccessible.

That estimate matters because the flagship crypto cannot simply replace coins that owners can no longer access. Lost private keys can effectively remove coins from the usable market. However, the exact amount of permanently lost Bitcoin remains difficult to determine.