Breaking: Binance's CZ Proposes New Crucial BNB and BTC Use Case
05/05/2025 18:23
Changpeng Zhao suggests using BNB and Bitcoin as basis for this country’s crypto reserve
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Changpeng Zhao, the co-founder of the Binance exchange and its former CEO, frequently known simply as CZ to crypto fans, has taken to the X platform (formerly known as Twitter) to share an important post.
CZ proposes BNB and BTC as basis for Kyrgyzstan’s crypto reserve
CZ revealed that during his recent visit to Kyrgyzstan, he had proposed that the government make Binance Coin (BNB) and Bitcoin the basis for its Strategic Cryptocurrency Reserve.
Notably, a month ago CZ accepted the invitation of the Kyrgyz President Sadyr Japarov to become a member of the country’s National Crypto Committee.
Now, CZ has helped to sign a partnership between Kyrgyzstan and Binance to help the country launch internal cryptocurrency payments.
Many countries are now considering the launch of their own Strategic Crypto Reserve, following the example of the US, which already has 200,000 Bitcoins for it.
Thanks to CZ’s role as an intermediary, Binance has signed a memorandum of understanding with Kyrgyzstan, and how is getting ready not only to launch crypto payments but also educational programs about blockchain and crypto in the country. The latter will be done by Binance Academy.
— CZ 🔶 BNB (@cz_binance) May 4, 2025Honored to be invited by Mr. President Sadyr Japarov of Kyrgyzstan to join the National Crypto Council.🇰🇬
Also learned so much about the unique cultures of Kyrgyzstan. Truly amazing place.
Let's grow the industry together. 🤝 https://t.co/xCQUXQfTur
The memo was signed on April 3, according to his earlier X post. CZ accepted the official invitation to join the crypto committee in Kyrgyzstan on Sunday.
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CZ shares his view on gold vs Bitcoin
Over the weekend, CZ, who is a well-known long-term supporter of crypto, Bitcon and BNB in particular, took to social media over the weekend to share his take on gold as an asset. Being a crypto proponent, it looked as if he indirectly opposed Bitcoin to gold without naming BTC but naming its key feature instead. Which is scarcity.
On May 3, CZ tweeted: “Not against gold, but it’s not a limited supply asset.” This tweet ignited Bitcoin fans among his followers, who started touting BTC as an asset with a capped supply of 21 million.
Not against gold, but it’s not a limited supply asset.
— CZ 🔶 BNB (@cz_binance) May 3, 2025
When it comes to crypto holdings, Zhao once tweeted that he only holds Bitcoin and BNB and for this reason he in unable to buy any BTC dips – he is 100% in crypto. BNB is currently changing hands at $593 and Bitcoin is trading slightly above $94,000.