CZ: Europe Needs Bitcoin as Euro Weakens

Changpeng Zhao (CZ), former Binance CEO, believes Europe must embrace Bitcoin (BTC) as more than just an investment. With the euro struggling and Bitcoin hitting new all-time highs, the gap is widening. At this moment, Bitcoin is worth €101,200, while the euro, in crypto terms, is down 65% since early 2024.

For two years, the European Central Bank (ECB) has dismissed Bitcoin, with President Christine Lagarde firmly rejecting it as a reserve asset. Meanwhile, discussions about Bitcoin’s role in national reserves are gaining traction in the U.S. This raises a crucial question for Europe: stick to traditional finance or consider Bitcoin as an alternative?

Inflation, economic uncertainty, and monetary policies continue to challenge the euro’s stability. Bitcoin, with its decentralized nature and fixed supply, offers an alternative hedge against currency devaluation. While not risk-free, its appeal grows as traditional financial systems face increasing pressure.

CZ’s argument is clear—Bitcoin is no longer just a speculative asset. As digital assets evolve, Europe may need to reconsider its stance. Whether the ECB agrees or not, Bitcoin’s role in the financial landscape is becoming harder to ignore.