Raoul Pal: The Journey Man

Why Nations are Hoarding Bitcoin ft. CZ from Binance

37 snips
May 22, 2025
Changpeng Zhao, known as CZ, is the co-founder of Binance and a prominent advocate for blockchain innovation. In a compelling discussion, he shares insights on the increasing adoption of Bitcoin by nations and its impact on global economies. CZ explores the evolution of regulations, highlighting the unique approaches taken by countries like the UAE and Bhutan. He emphasizes the importance of patience in crypto investments, the role of AI in education, and the future of decentralized systems in reshaping economic dynamics.
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ANECDOTE

CZ's Dubai Cryptocurrency Journey

  • CZ moved to Dubai after exploring its pro-crypto, pro-business environment in 2021.
  • Within months, Dubai quickly formed advanced crypto regulation and support for exchanges.
INSIGHT

Nations Hoarding Bitcoin Insight

  • Several nations are creating strategic Bitcoin reserves, with Bhutan and the U.S. as early adopters.
  • Governments seek professional custody solutions and balanced regulations to protect consumers and innovation.
INSIGHT

Beyond Trading: Crypto's Future

  • Crypto use remains overly focused on trading; expansion into decentralized social media and government applications is nascent.
  • Blockchain can greatly improve efficiency and transparency, e.g., in land title records.
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