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CZ: Bitcoin Is a True Hard Asset

Published by
Sohrab Khawas

Binance founder Changpeng Zhao stated that Bitcoin’s limited supply of 21 million coins gives it qualities similar to gold and real estate, particularly during periods of inflation. He contrasted this with fiat currencies, which central banks can expand during economic uncertainty. His remarks came as the US Federal Reserve kept interest rates unchanged amid inflation concerns tied to tensions in Iran. At the time, Bitcoin traded near $68,700 while gold futures declined more than 5%.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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