CZ: Multi-country Consulting Establishes Cryptocurrency Reserves, Bitcoin ETF Leads the Current Cycle
2025-04-30 11:16:10
According to a tweet by Eric Balchunas, Changpeng Zhao (CZ) recently said that he is advising multiple countries outside of Europe on how they can build cryptocurrency reserves like the United States. He noted that Europe is currently outside the scope of this discussion. CZ explained his reasons for investing in the X platform, stressing that "free money" needs to be based on "free speech". Regarding the current market, he believes that ETFs are the main driver of this cycle, led by Bitcoin. While Ethereum has not performed as well as Bitcoin, he expects Bitcoin's success to eventually drive other cryptocurrencies, stressing that "we are still in the early stages".
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