Bitcoin’s Rise Toward Global Reserve Currency Status
Changpeng “CZ” Zhao, former CEO of Binance, envisions Bitcoin becoming the world’s global reserve currency. As of august 2025, over 300 entities globally are incorporating BTC into their financial strategies.
CZ notes a significant shift, notably in the customary finance sector, were more companies and nations are embracing Bitcoin. He states, “With both established financial institutions and countries adopting Bitcoin, plus other cryptocurrencies, we’ve made substantial progress.”
CZ has been a Bitcoin advocate since 2014. Following BTC’s record high of $122,000 in July 2025, he predicted further growth.He recalls the excitement when Bitcoin briefly hit $1,000 in 2017 and compares it to today’s rally.
Recent data shows a surge in Bitcoin adoption. In the last month, 17 new entities added BTC to their treasuries. Currently, 309 entities hold Bitcoin, including 177 public companies. In 2024, only 37 new companies did so. By mid-2025, 51 new companies joined in.
- Over 3.68 million BTC are held in various treasuries.
- Michael Saylor’s Strategy leads with 632,457 BTC, nearly 3% of Bitcoin in existence.
- With 19.9 million BTC in circulation, significant room for acquisition remains.
The adoption rate continues to climb, fueled by corporate interest and government participation. This trend supports CZ’s belief in Bitcoin’s future as a global reserve asset.
