Key Insights:
- In the latest Bitcoin news, Binance CEO Changpeng Zhao revealed a bold Bitcoin price prediction.
- Changpeng Zhao’s post on X quickly caught fire online, drawing thousands of reactions within hours.
- Anthony Scaramucci echoed Zhao’s Bitcoin sentiment during a live interview on CNBC saying BTC would soon reach $1.5 million.
Binance co-founder and former CEO Changpeng “CZ” Zhao renewed confidence in the long-term potential of crypto. He has recently shared a bold Bitcoin price prediction lauding the asset’s potential to flip Gold’s $30 trillion market capitalization one day.
In a post shared on X (formerly Twitter) on October 20, Zhao said he believed Bitcoin would eventually “flip” gold.
He admitted he doesn’t know when that moment will come, adding that it could take time but insisted it is an inevitable occasion.
“Save the tweet,” he wrote, signaling his certainty that the shift was going to happen sooner or later.
Bitcoin Will Flip The $30 Trillion Market Cap Of Gold
Changpeng Zhao’s post on X quickly caught fire online in the Bitcoin news column, drawing thousands of reactions within hours.
His bold claim for Bitcoin’s long-term future ignited a wave of comments, including reactions from prominent market watchers.
Analyst CryptoGao noted that gold continues to reach new all-time highs, yet he remained confident that Bitcoin is closing the gap.
He predicted that the cryptocurrency would “catch up and surpass gold” within months, adding that Zhao’s forecasts have often proven accurate in the past.
Ben Todar agreed with Zhao’s prediction, saying Bitcoin is “harder, faster, borderless and a superior form of money for the digital world.”
Some analysts even argued that the time had come to move away from gold and increase exposure to Bitcoin, citing indicators that suggest digital assets may be nearing a market bottom.
Todar drew a sharp distinction between the two stores of value. He described gold as a product of the physical age, while calling Bitcoin its natural successor in the digital era.
He also noted that Bitcoin’s advantage lies in its ability to move instantly across borders and be verified transparently on-chain.
At present, gold stands as the world’s most valuable asset, with a market capitalization hovering around $30 trillion.
Last week, the precious metal made history by becoming the first investment asset to hit a total market capitalization of $30 Trillion.
Bitcoin, by comparison, ranks eighth globally, with a total value of roughly $2.2 trillion. Even so, the leading cryptocurrency continues to gain momentum, trading above $110,000.
Bitcoin Is Superior Than Gold: Anthony Scaramucci
In another latest Bitcoin news, billionaire investor Anthony Scaramucci echoed Zhao’s BTC sentiment during a live interview on CNBC.
He predicted that Bitcoin could climb to $1.5 million, reaching what he described as “gold parity.”
Scaramucci pointed to growing institutional adoption as a key driver of this potential rise, highlighting the impact of BlackRock’s Bitcoin ETF.
He compared the current phase of BTC’s evolution to the early 2000s technology boom, suggesting that investors are witnessing the start of a similar transformation.
According to him, a decade from now, the market may look back and recognize that Bitcoin had finally stood on equal footing with gold.
Recent actions by major financial firms seem to back CZ and Scaramucci’s outlook. Strategy’s series of Bitcoin purchases highlighted how institutional investors are steadily expanding their exposure as the market shows signs of recovery.
Scaramucci also emphasized a clear generational divide in investor preferences.
He noted that younger investors increasingly favor Bitcoin over traditional hedges, while older generations remain more comfortable with gold.
The billionaire investor added that as wealth shifts to younger hands, capital will naturally flow toward digital assets rather than precious metals.