Changpeng ‘CZ’ Zhao Is Advising Countries on How to Start Crypto Strategic Reserves
Summary
Changpeng “CZ” Zhao, co-founder and former CEO of Binance, advises countries on establishing crypto strategic reserves, emphasizing the importance of wallet solutions and custody options. He notes that the U.S. initiated this trend with a March executive order for a Bitcoin reserve, compelling other nations to follow suit to avoid higher costs. Zhao highlights Bhutan as a positive example of crypto adoption, integrating Bitcoin, Ethereum, and BNB into its reserves. He critiques Europe for lagging in crypto discussions, mentioning Montenegro as an exception. Zhao believes blockchain adoption is still in its early stages globally, countering claims of market saturation, and stresses the need for patience in investment returns.
