CZ: Bitcoin becoming global reserve asset via institutional and national adoption

Bitcoin is solidifying its position as a global reserve asset as it becomes integrated into the portfolios of traditional financial institutions and nations, Binance co-founder Changpeng Zhao said at the 2025 Hong Kong Bitcoin Asia conference, Wu Blockchain reported. He argued that participation from countries and corporations creates a virtuous cycle of increased capital inflow, regulatory clarity, and greater public awareness. Zhao noted that as institutional capital enters the market through crypto ETFs and Digital Asset Treasury (DAT) companies, market capitalization expands, leading to reduced volatility. He described DAT companies as having a more flexible structure than ETFs, offering a pathway for traditional stock market investors to gain indirect crypto exposure. Zhao also observed that the U.S. policy stance is changing faster than expected, with the U.S. Commodity Futures Trading Commission (CFTC) recently suggesting it may permit Americans to use overseas exchanges. He concluded that the U.S. is now entering a phase of establishing the baseline for global digital asset regulation.