- Countries are moving fast to buy Bitcoin early before prices rise and access becomes harder for latecomers.
- Binance’s CZ says Bitcoin could reach one million dollars but expects the growth to take a long time.
- Bitcoin’s realized market cap hit a record high while investor activity shows signs of slowing down.
Several countries have entered a strategic race to adopt Bitcoin amid growing belief in its long-term value. Changpeng Zhao, co-founder of Binance and strategic crypto advisor to the Pakistan Crypto Council, highlighted this during a recent interview in Pakistan. Zhao stated that early adoption will provide major financial advantages to governments, while latecomers may struggle with higher costs and limited access.
Larger economies are reportedly preparing to accumulate Bitcoin in large quantities. This move is expected to influence smaller nations to follow. Analysts suggest that countries delaying adoption may face rising acquisition costs.
Zhao emphasized that the wealthiest countries will buy large amounts of Bitcoin before prices surge. Others may be forced to enter the market at higher valuations, acquiring less digital gold.
The United States has already acknowledged Bitcoin as a reserve asset. Reports show that the country is building a crypto stockpile that includes Bitcoin and other digital currencies.
Zhao believes this trend will lead to a global shift. He noted that countries starting now will stay ahead, while others will struggle to catch up. This viewpoint reflects a growing urgency among global leaders to adopt cryptocurrencies for economic strategy. Several analysts warn that lagging governments may miss key opportunities.
Global Bitcoin Arms Race Gains Traction
Investor Anthony Pompliano also highlighted the growing interest among sovereign states in Bitcoin. In an interview with Yahoo Finance last year, he discussed how governments are seeking to add Bitcoin to national balance sheets. He linked this trend to expectations that Donald Trump may act on his promise to form a national Bitcoin reserve.
Bitcoin Could Hit $1 Million
Zhao also discussed the future price potential of Bitcoin during his interview. He said Bitcoin could eventually reach $1 million. He clarified that this growth would likely be gradual, not immediate. While some expect big changes in 2025, Zhao suggested a long-term timeline. The prediction aligns with broader views in the crypto space.
Adoption by institutions and governments could push Bitcoin’s value higher. Market sentiment supports this belief. However, some experts advise caution due to possible volatility. Zhao pointed out that the crypto industry is still in its early stages.
Realized Market Cap Reaches Record Levels
Bitcoin’s realized market cap recently reached an all-time high of $872 billion. This figure measures the total value of all Bitcoin at their last moved price. However, the monthly growth rate has slowed to 0.9%, indicating reduced investor activity.
Analysts interpret this as a sign of a cooling market. The realized profit and loss chart also shows a 40% drop. This decline suggests that investors are locking in profits or cutting losses.
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