Binance founder Changpeng ‘CZ’ Zhao has reiterated his bullish outlook on Bitcoin, forecasting that the digital asset will eventually surpass gold in terms of market capitalization.
While gold remains the world’s most valuable asset with a market cap of $30.34 trillion, Bitcoin trails behind at approximately $2.21 trillion, even as both assets are viewed as hedges against currency devaluation.
CZ’s market cap prediction
Zhao recently posted on social media:
Prediction: Bitcoin will flip gold. I don’t know exactly when. Might take some time, but it will happen. Save the tweet.
Despite Bitcoin’s rapid growth, it continues to lag not only behind gold but also major tech companies in terms of total valuation.
Both Bitcoin and gold are seen as part of the so-called ‘debasement trade,’ appealing to investors seeking protection from the ongoing devaluation of fiat currencies.
Bitcoin’s performance vs gold
In the year to date as of October 20, Bitcoin posted a 61% gain while gold saw a 60.7% increase.
Bitcoin has also outpaced silver in annualized growth, underscoring its status as a rapidly expanding asset.
Nonetheless, Bitcoin is not yet considered an official reserve asset, and government holdings remain small relative to global gold reserves.
Odds and trends for 2025
Both assets tend to track the expansion of global M2 money supply, but their relationship remains volatile.
According to Polymarket, the odds of Bitcoin outperforming gold by the end of 2025 have recovered to 25%.
The ongoing value gap between Bitcoin and gold continues to draw speculation, with bullish analysts expecting Bitcoin to reach the $130,000–$150,000 range.
