Binance’s CZ proposed on July 16, 2025, that Bitcoin could serve as a solution for addressing global public debt. His remarks came shortly after stepping down as CEO, following a settlement agreement with U.S. regulators.
Zhao’s statement reflects a growing perception of cryptocurrencies as viable tools in sovereign financial management. His viewpoint reignited debate around Bitcoin’s potential role in national fiscal policy frameworks.
His comments align with past examples where nations such as El Salvador and Bulgaria integrated Bitcoin into public finance strategies. According to Zhao, Bitcoin has the capacity to act as a sovereign reserve asset.
“Unpopular opinion: All governments should track all their spending on the blockchain — an immutable public ledger…” Changpeng Zhao, the founder of Binance (CZ)
Zhao’s stance underlines the transformative potential of Bitcoin in shaping fiscal transparency and national debt solutions. His long-standing push for public ledger-based systems is now echoed by portions of the crypto community seeking innovation in government spending practices.
While his proposal hasn’t triggered immediate governmental action, analysts acknowledge the theoretical merit. Though Bitcoin is viewed as a possible macroeconomic hedge, concerns around its price volatility continue to hold back full-scale adoption by policymakers.
Market analysts point to the cautious but increasing interest from institutions considering sovereign Bitcoin holdings, similar to El Salvador’s blueprint. This tentative optimism is tempered by the asset’s unpredictable price patterns.
Rising institutional momentum signals the potential for broader adoption, with historical data suggesting that national use or divestment of Bitcoin could influence future market behavior.
