Binance’s former CEO, Changpeng Zhao (CZ), recently declared that Bitcoin is inescapable, sparking a lively debate in the crypto world. This statement follows news of another US state joining the growing movement to establish its own Bitcoin reserve.
States Embrace Bitcoin Reserves
Several US states are pushing forward with legislation to create their own Strategic Bitcoin Reserves, mirroring a proposal by former President Trump. Montana recently passed a bill (House Bill No. 420) to create such a reserve, becoming the fourth state to do so after Utah, Oklahoma, and Arizona. This growing trend highlights a significant shift in how governments are viewing Bitcoin.
CZ’s Bold Prediction: “No Escape” From Bitcoin
CZ reacted to the Montana bill by stating, “There is no other choice. There is no escape… It’s like, you can’t not use the internet (or money).” He suggests that buying Bitcoin isn’t a question of if, but
when. A crypto trader echoed this sentiment, emphasizing that early adoption is key, as latecomers will face higher prices.
Beyond Investment: CZ on Crypto Donations
In other news, CZ highlighted the importance of cryptocurrency donations in disaster relief. He shared a story about a previous donation that was unexpectedly returned to him with additional cryptocurrency. This followed a previous donation of 150 BNB (worth $100,000) to help victims of a pump-and-dump scheme involving the LIBRA coin. A university student who received the donation added their own funds and then returned a larger amount to CZ.
