Binance founder Changpeng Zhao (CZ) has revealed that several countries are now buying Bitcoin to hold in their sovereign reserves.
According to Zhao, this move by nation-states is not just speculation, it’s a strategic financial decision. Countries are starting to treat Bitcoin as a serious asset for their national treasuries, suggesting that it’s gaining recognition not just from individual investors or companies, but also from governments.
Support from U.S. Officials Strengthens Bitcoin’s Position
The idea of Bitcoin as a store of value has also been echoed by key U.S. leaders. Treasury Secretary Scott Bessent recently referred to Bitcoin as a reliable asset, reinforcing its growing legitimacy on the international stage.
Commerce Secretary Howard Lutnick has also shown strong support by creating a business focused on accumulating Bitcoin, further signaling confidence in the cryptocurrency’s long-term value.