Changpeng “CZ” Zhao, the former CEO of Binance, has long been a vocal advocate for Bitcoin’s future as the global reserve currency. In a statement on August 29, 2025, Zhao emphasized that Bitcoin’s growing presence on the balance sheets of nations and leading financial institutions is a strong indicator of its increasing adoption. With Bitcoin’s price reaching record highs and more companies adding BTC to their treasuries, CZ’s belief in Bitcoin as a global financial pillar is gaining momentum.
Bitcoin Hits New Price Milestones in 2025
Bitcoin’s meteoric rise this year has captured the attention of investors, institutions, and even governments. In August 2025, the cryptocurrency reached a new all-time high of $124,128, continuing the bullish trend set in July when it surpassed $122,000. For CZ, this surge in price brings back memories of Bitcoin’s first major breakthrough, when it passed the $1,000 mark back in 2017. Today, with Bitcoin reaching new milestones, Zhao believes the asset is on the verge of becoming the financial backbone of the world.
Bitcoin Treasuries Soar as Global Adoption Grows
The number of organizations holding Bitcoin on their balance sheets has skyrocketed, further validating Zhao’s vision. As of 2025, over 309 entities worldwide—including 177 public companies—are now holding Bitcoin. In the first half of 2025 alone, 51 new companies have added BTC to their treasuries, outpacing last year’s figures. Currently, corporations, funds, and governments collectively hold 3.68 million BTC, a sign of growing institutional confidence. This wave of adoption, coupled with the rising value of Bitcoin, suggests that the cryptocurrency is increasingly becoming a core component of global financial infrastructure.
Bitcoin’s rise in adoption is further reflected by its growing presence in institutional portfolios. As more entities recognize Bitcoin as a store of value and a hedge against traditional financial instability, its potential to become the global reserve currency is becoming more likely.
Conclusion
CZ’s vision for Bitcoin as the world’s reserve currency is gaining significant traction as Bitcoin continues to break new records. With increasing adoption by governments, corporations, and financial institutions, Bitcoin is well on its way to reshaping the global financial system. As the cryptocurrency market evolves, the world may be on the brink of witnessing Bitcoin’s transition from a speculative asset to the financial backbone of the future.
