- CZ predicts Bitcoin will surpass gold’s $30T market value.
- BTC currently trades above $110K with a $2.2T cap.
- Scaramucci sees BTC at $1.5M; Schiff still backs gold as the “true hedge.”
Binance co-founder Changpeng “CZ” Zhao made waves this week by predicting that Bitcoin will eventually surpass gold’s $30 trillion market valuation. As of October 20, Bitcoin trades above $110,000 with a $2.2 trillion market cap — still far behind gold’s immense size, but the trajectory, CZ believes, is only a matter of time. Posting on X, he said simply: “Prediction: Bitcoin will flip gold. I don’t know exactly when. Might take some time, but it will happen.” The statement reignited debate over Bitcoin’s long-term destiny as the world’s dominant store of value.
Why CZ Thinks Bitcoin Will Win
CZ has long pointed to gold’s physical limitations as its main weakness in a digital economy. “Gold is great if you can carry it everywhere,” he joked in a September post, alluding to Bitcoin’s borderless nature. Bitcoin’s immutability, portability, and scarcity, he argues, make it more efficient than gold in an increasingly digital world. Supporters echoed that view online, calling Bitcoin “harder, faster, and borderless.” Analyst Ben Todar said Bitcoin is better suited for modern finance because it offers instant verification, low transfer friction, and transparent ownership — qualities that physical gold can’t replicate.
Support from Scaramucci and the Institutional Shift
Institutional voices are backing the narrative, too. Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin could hit $1.5 million and reach gold’s total market value. He compared today’s Bitcoin environment to the early internet, where growth was slow until it suddenly wasn’t. Scaramucci noted that younger generations favor Bitcoin over gold, while major players like BlackRock’s ETF have helped legitimize it among traditional investors. “Bitcoin is a cockroach that survives everything,” he added, highlighting its resilience across multiple market cycles.
Critics Still Back the Metal
Not everyone is buying the digital gold thesis. Veteran gold advocate Peter Schiff fired back, claiming “Gold is eating Bitcoin’s lunch,” noting BTC’s 32% decline versus gold since August. Schiff maintains that gold remains the superior hedge during economic uncertainty, arguing that crypto’s volatility undermines its value as a safe-haven asset. His comments underscore a deep generational and philosophical divide — one between those who trust physical stores of value and those betting on code and scarcity.
The Bigger Picture
With Bitcoin now entrenched in institutional portfolios and global macro conversations, the debate isn’t just digital vs. physical anymore — it’s about what kind of money the future will run on. Whether CZ’s prediction comes true remains uncertain, but the momentum is clear: Bitcoin has already become gold’s most serious challenger since the metal first defined wealth itself.
