CZ Predicts Bitcoin Will Surpass Gold During Conference Appearance
Zhao strikes a bullish tone at a conference where organizers note a difficult bear market and a shift in attention toward AI.
Quick Look
Zhao ("CZ") declared bitcoin will surpass gold during a conference appearance, contrasting with organizer Brandon Green's assessment of a brutal bear market where capital shifted to AI.
AI-generated summary
Why It Matters
The digital asset industry faces a bear market with capital and attention shifting toward artificial intelligence.
Zhao, known in the industry as “CZ”, struck a bullish tone during his highly anticipated appearance on Thursday. Speaking to a large crowd, the 48-year-old billionaire entrepreneur drew applause and cheers by declaring that bitcoin “will for sure become more important than gold”.
His optimism stood in stark contrast to the prevailing mood at the conference.
“Psychologically, I think this has been one of the hardest bear markets we’ve had, because this time it wasn’t just the price of bitcoin that took a hit,” said Brandon Green, CEO of conference organiser BTC, during his opening address.
“This time, the bitcoiners’ ego also took a hit.”
Capital, talent and public attention had moved from crypto to artificial intelligence, leaving the digital asset industry feeling “smaller”, Green noted.
Open Questions
- When will bitcoin surpass gold according to Zhao?
