CZ’s Bold Prediction: Bitcoin Will Overtake Gold - It’s Just a Matter of Time

Bitcoin's ultimate supremacy over traditional gold isn't a question of if—but when.

The Digital Gold Standard

Changpeng Zhao's conviction echoes through crypto circles: Bitcoin's market cap trajectory points toward inevitable dominance over the precious metal that's anchored traditional finance for centuries. The numbers don't lie—Bitcoin's finite supply and digital scarcity create a compelling case against gold's physical limitations.

Market Mechanics Favor Digital

While gold bugs cling to historical precedent, Bitcoin's programmatic monetary policy and borderless transfer capabilities are rewriting the rules of store-of-value assets. The 21 million coin cap versus gold's ever-expanding mining operations creates a fundamental divergence in scarcity economics.

The Institutional Tipping Point

Major financial players are already positioning for the flip—allocations shifting from gold ETFs to Bitcoin exposure as regulatory clarity improves and custody solutions mature. Traditional finance's slow embrace feels like watching dinosaurs debate asteroid survival strategies.

Time—The Only Variable

Market cycles may create volatility, but each halving event tightens Bitcoin's supply mechanics while gold's inflation hedge narrative faces modern monetary policy challenges. When digital natives inherit wealth, will they choose vaults or cryptographic keys? The clock's ticking on gold's reign.

The creation of an EU consolidated tape (CT) for equities and ETFs is a significant step forward for European capital markets, with the goal of enhancing transparency, efficiency and availability of pre-trade and post-trade data across Europe.

EFAMA, EPTA and Protiviti recently addressed a letter to ESMA and the European Commission identifying key gaps in the current framework and listing their recommendations for how to ensure effective implementation of a successful equities and ETF CT. A well-functioning tape will help investors make better-informed decisions, tying in with the goals of the Savings and Investment Union (SIU).

Their recommendations include:

• Expand the depth of pre-trade quotes to include 5 layers of prices and volumes, which would allow the tape’s users to gain richer insights into supply and demand, enable better execution decisions, tighter spreads, and growth of secondary markets.
• Identify the venue on pre-trade data to increase user confidence and trust, improve order routing and best execution, reduce information asymmetry, enhance competition, and provide visibility for smaller venues together with accountability for larger venues.
• Include ETCs (Exchange-Traded Commodities) and ETNs (Exchange-Traded Notes) on the tape, as they trade on the same venues as ETFs and excluding them risks fragmenting the market data landscape and increasing complexity.
• Encourage smaller venues (which have the option to opt out) to contribute data, which would lead to more visibility around their niche liquidity pools, local investor bases, or unique order types not visible on larger venues.
• Secure a robust governance framework for the tape, which includes representatives from the data user community in the main decision-making bodies, especially in key areas such as pricing, data content, latency and access.

Policymakers have the opportunity to address these areas in the upcoming SIU legislative package.

These recommendations are in addition to EFAMA’s previous statements regarding pricing, Reasonable Commercial Basis and venue attribution, which you can find here

Read the full joint letter here.

Source: EFAMA