Upon seeing this news, my first feeling was one of caution rather than excitement. As the founder of the world's largest cryptocurrency exchange, Zhao Changpeng publicly advocates that national teams should buy Bitcoin, or they may have to acquire it at 50 million dollars each in the future. Such remarks have gone beyond ordinary bullish market perspectives and are filled with incitement and irresponsible exaggerated expectations.
CZ recently stated in an interview that he is informing world leaders that if they do not buy Bitcoin now, they may have to purchase it at a price of 50 million dollars each in the future. This statement was quickly spread by key opinion leaders in the crypto community, such as The Bitcoin Historian.
The market's immediate reaction is a price increase, with Bitcoin short-term rising by +1.91% after the news broke. This is typically a result of celebrity effect-driven emotional buying. The sentiment indicators, under relevant information, show a market sentiment vote of 134 positive votes and 49 negative votes, indicating that most retail investors see this as good news. Information platforms believe that this statement may strengthen market confidence in Bitcoin's long-term value and could stimulate emotional buying in the short term.
I believe this statement is essentially extreme marketing rhetoric. CZ's identity is primarily that of an entrepreneur, and his core interests are deeply tied to the prosperity of the cryptocurrency market. Calling out a $50 million target is not about rigorous analysis or prediction but about creating a sensational effect to maintain market heat and attention, driving flow for the entire industry, especially for his exchange. This is a classic solicitation behavior, just that the target has upgraded from retail investors to the national team.
National-level asset allocation considers extremely complex factors such as financial security, stability of foreign exchange reserves, monetary policy sovereignty, and geopolitical issues. Including Bitcoin, an asset with high volatility and inadequate regulation, into national reserves is currently extremely unrealistic for the vast majority of sovereign nations in political, technical, and risk terms. CZ's proposal ignores the underlying logic of national operations and seems more like an attention-grabbing gimmick.
$50 million pricing is baseless and fuels irrational bubbles; this figure has no rigorous model supporting it. Such statements can easily mislead uninformed new retail investors, creating a FOMO feeling that if they don’t get on board now, they will miss out forever, potentially leading to blindly buying at market highs.
CZ is known as the chief spokesperson for Binance, and his statements have always been characterized by boldness and directness. By targeting the national team as the audience this time, he positions himself as a preacher and industry prophet, aiming to elevate his personal and industry influence.
However, for retail investors, such news may stimulate market sentiment, potentially causing a short-term price increase, as we have seen with +1.91%. But this is entirely sentiment-driven and unrelated to Bitcoin's fundamentals, network activity, or adoption rates. The risks of chasing such news are extremely high.
Finally, everyone should be cautious of the risks: when big players start making shocking statements, it is often not the best time to buy, but rather a time to be wary of market overheating.
CZ's statements may just be the starting point of a grand narrative. The real story lies in how funds will rotate if the national team narrative is widely discussed in the market. I have identified three major sectors that are most likely to benefit.Come to my chat room, to get more useful strategies.
