Bitcoin Asia 2025 Exclusive Interview: CZ Looks Ahead to Bitcoin's Future, Digital Gold Advances Towards Global Reserve Currency

Hong Kong, August 29, 2025 — At the Bitcoin Asia 2025 conference, crypto industry heavyweight and Binance founder Changpeng Zhao (CZ, @cz_binance) participated in a live interview, sharing his thoughts on Bitcoin's past, present, and future development. The interview covered multiple core topics, including Bitcoin's decade-long evolution, capacity limitations, institutional and national participation, the trend of corporate treasury assetization, and future new directions.

Decade of Evolution: From Digital Gold to Potential Global Reserve Currency

CZ reviewed the development journey of the Bitcoin industry:

·2013-2017, Bitcoin was still dominated by the core community, with no concept of "Web3";

·2017, Ethereum and ERC20 drove the ICO boom;

·2021, the DeFi boom swept the market;

Today, Bitcoin has entered the era of institutional investors and national participation.

CZ stated that Bitcoin is currently becoming a "global reserve asset," similar to digital gold, used by institutions, listed companies (such as MicroStrategy), and nations (such as El Salvador) for storing value. However, he also proposed a vision: in the future, Bitcoin could become a global reserve currency, not only for storing value but also directly participating in the international settlement system, with the potential to balance or even replace the US dollar's international status.

Bitcoin's Limitations and Technical Challenges

The host asked about Bitcoin's capacity limits if it were to achieve mass adoption. CZ responded:

·Bitcoin's main chain has limited transaction speed (about 7 transactions per second), and slow scaling can easily lead to community divisions;

·The historical "block size debate" led to Bitcoin forks, resulting in multiple versions like BTC and BCH;

·Layer 2 networks (such as Lightning Network) improve performance but increase reliance on third-party nodes, posing certain centralization risks.

Institutional and National Participation: Legitimization and Global Openness

CZ emphasized that the increasing participation of institutions and nations is a positive signal, aiding in fundraising and industry legitimization. He mentioned that recent regulatory actions in the US, such as ETFs and CFTC guidance, are promoting overseas crypto platforms to legally serve US users, a trend expected to further open global markets.

Corporate Treasury Assetization and New Trends

Incorporating Bitcoin into corporate treasuries helps introduce traditional stock market investors to the crypto market, driving growth in market depth and breadth. However, CZ also cautioned that some companies might just be riding the hype, facing risks from market volatility.

Future Directions: RWA and AI+Crypto Integration

CZ looked ahead, stating that Bitcoin and the crypto industry will embrace new development directions:

·RWA (Real World Asset tokenization): Tokenizing government bonds, real estate, commodities, and personal assets on-chain;

·AI and crypto integration: AI generating a large volume of transactions will drive more efficient use of cryptocurrencies in economic systems.

Summary

CZ's interview clearly conveyed a message: Over the past decade, Bitcoin has evolved from an experimental digital asset to a globally recognized digital gold, with the potential to become a global reserve currency in the future. Although technical and scaling challenges remain, the influx of institutional funds, RWA, and AI will gradually integrate the crypto industry into the global economic system.

For investors, understanding these trends means they can approach the market more calmly and with a long-term perspective, seizing future opportunities in digital assets.