Binance co-founder Changpeng Zhao (CZ) says Bitcoin could potentially surpass gold in market cap during the next bull run. He made this statement at the Bitcoin Asia 2026 conference in Hong Kong, according to The Block.

CZ's Take at Bitcoin Asia 2026

According to CZ, gold’s market cap is currently about ten times bigger than Bitcoin’s. Still, he sees a scenario where that gap could close enough for BTC to overtake gold in one of the upcoming bull cycles.

Sizing Up the Gap with Gold

The “about 10x” figure highlights the current difference in total value between the two assets. CZ is talking about overall market cap, not the price per unit. His comments draw attention to how the BTC-to-gold ratio could shift if the market heats up again.

Context and Source

CZ’s remarks came at Bitcoin Asia 2026 in Hong Kong, as reported by The Block. The news was published by Incrypted. No further details from his talk were provided in the article.