CZ says he keeps no fiat or bank accounts, spending crypto daily via a Visa-linked card with instant fiat settlement for merchants.
He argues benchmarking expenses in crypto reduces focus on volatility and avoids dependence on traditional monetary policy.
CZ predicts a long-term Bitcoin uptrend and “super cycle,” driven by macro forces, fixed supply and rising global adoption.
Changpeng Zhao spoke publicly about his personal finances and long-term crypto outlook. The Binance founder said he holds minimal fiat and spends crypto daily using a Visa-linked card. He explained the approach during recent public remarks, citing long-term conviction despite price volatility and ongoing global monetary changes.
CZ Explains Daily Spending Without Holding Fiat
CZ stated that he does not maintain cash balances or traditional bank accounts. Instead, he uses a crypto-linked card where merchants receive fiat instantly. His crypto balance adjusts in real time after each purchase. He added that price changes do not affect his spending decisions.
Notably, CZ said this method removes dependence on external monetary policy. He described crypto users as operating outside the fiat system. According to his remarks, benchmarking daily expenses in crypto reduces concern about short-term volatility.
Long-Term Bitcoin Outlook Shared at Public Events
CZ reiterated his long-term outlook during public appearances, including the Bitcoin MENA conference. He said crypto trends upward over decades, referencing 10, 20, and 50-year horizons. He also described Bitcoin as entering a “super cycle,” driven by macroeconomic conditions.
According to CZ, U.S. rate cuts and quantitative easing support this view. He also referenced Bitcoin’s fixed supply compared with expanding fiat money supplies since 2020. He stated that Bitcoin’s structure differs from traditional currencies affected by ongoing issuance.
Adoption Data, Regulation and Market Context
Broader adoption data supports increased crypto activity. According to the TRM Country Crypto Adoption Index 2025, U.S. crypto activity rose 50% from 2024. The report cited growth across retail and institutional participants.
Regulatory developments also shaped the environment. The U.S. approval of spot Bitcoin ETFs and the GENIUS Act clarified participation rules, according to SSGA insights. CZ also commented that the traditional four-year Bitcoin cycle no longer applies, citing macroeconomic influence.
Additionally, CZ referenced global interest from sovereign entities. He said some governments, including the Trump administration, have explored Bitcoin reserves. These developments occurred alongside expanding custody solutions and registered investment products, reducing access barriers for regulated investors.
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