CZ’s Bold Prediction: Bitcoin Poised to Dethrone USD as Global Reserve Currency

Binance founder Changpeng Zhao drops bombshell prediction about crypto's ultimate flip.

The End of Dollar Dominance?

CZ argues Bitcoin's decentralized nature and global accessibility make it the logical successor to the US dollar—no Fed meetings required. He points to institutional adoption rates climbing while traditional finance scrambles to keep up.

Wall Street's worst nightmare? A reserve asset that operates 24/7 without their brokerage fees. The old guard might dismiss it as fantasy, but they said the same about internet stocks in '95.

One thing's certain: if CZ's right, we'll finally have a reserve currency that can't be inflated away by politicians—which is either terrifying or liberating depending on which side of the printing press you're on.

How Likely Is Bitcoin To Replace The US Dollar (USD)?

CZ is not the only one who thinks that the US dollar’s position as the global reserve currency is under threat. BlackRock CEO Larry Fink also believes that the US dollar’s dominance will not last forever. Fink cites the growing US debt as a reason for his distrust of the dollar. Fink believes alternate currencies, or digital currencies like bitcoin (BTC), could take the US dollar’s place.

Sanctioned countries like Russia, Iran, and North Korea have turned to Bitcoin (BTC) and other currencies to bypass the US dollar (USD).

Many nations have already begun using national currencies for trade settlements. China, in particular, is leading the race to ditch the US dollar. The country also aims to challenge the SWIFT system with its own CIPS system. Other fellow BRICS countries have also expressed their desire to MOVE away from the US dollar.

The de-dollarization movement has gained substantial support over the last decade. The US dollar’s position has seen a massive dip, with the emergence of the Chinese yuan as an alternative. However, despite the rising anti-USD sentiment, replacing the dollar-based trade system is no easy task. No other currency is as liquid as the dollar. This gives the US dollar a competitive edge.