CZ says Bitcoin may surpass gold as DNB transfer highlights physical limits

  • CZ said Bitcoin could eventually surpass gold in importance as governments, pension funds and institutions adopt it as a reserve, payment and savings asset.
  • DNB reallocated about 86 tonnes between March and August 2026, including approximately 59 tonnes exchanged between New York and London and more than 27 tonnes physically transferred.
  • Garlinghouse called global value transfer an ideal use case for crypto, while DNB said the move improved tradability and crisis preparedness without using blockchain technology.

Binance co-founder Changpeng Zhao, known as CZ, said Bitcoin could become more important than gold during the next bull run as governments, pension funds and institutions adopt it, potentially approaching $1 million sooner than many forecasts suggest. Ripple CEO Brad Garlinghouse separately cited De Nederlandsche Bank’s reallocation of about 86 tonnes of gold between March and August 2026 to argue that crypto networks can transfer economic value across borders without moving the underlying asset. DNB sold approximately 59 tonnes in New York, bought market-standard gold in London and physically moved more than 27 tonnes between North America, its Zeist cash center and London, leaving total Dutch reserves unchanged while increasing London’s share to 32.1% from 18.1%. Garlinghouse acknowledged that DNB used conventional bullion markets, custody arrangements and vault infrastructure, while CZ said gold’s mature systems could make any transition gradual.

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