Europe Is Missing Out as Nations Build Bitcoin Reserves – Changpeng Zhao

As the U.S. accelerates efforts to build a national Bitcoin reserve under the Trump administration, much of the world is now rethinking its stance on crypto accumulation.

Changpeng Zhao, the founder of Binance, discussed the striking absence of European nations from conversations about forming national reserves of digital assets, in stark contrast to the U.S. and several Asian countries at Token2049 in Dubai.

Having been personally consulted by multiple governments on this topic, CZ shared that while the U.S., under the Trump administration, has been rapidly advancing plans for a national Bitcoin reserve, and several Asian countries are also engaging in discussions on sovereign cryptotocurrency holdings, he's observed minimal participation from European governments.

"I've been advising a few governments on this, and I'm surprised that there isn't enough interest from European countries," said CZ. "They're talking about it, but not really putting it into action like the U.S. or several Asian countries."

One exception, according to CZ, is Bhutan. The Himalayan country has already built a substantial position in Bitcoin, reportedly worth billions, and is expanding those holdings to include Ethereum and BNB.

"They're thinking ahead of the curve," CZ added, highlighting this move as an example of proactive financial planning in a world increasingly shaped by decentralized assets.

In other market news, CZ touched upon the role of Bitcoin ETFs in the recent bull run, stating that they have been a key driver of capital flows into the crypto space.

"We're seeing a lot of capital come in, especially with the Bitcoin ETFs getting approval," he noted. "We didn't see the same level of interest in Ethereum ETFs yet, but I think that will come later as institutions become more comfortable with cryptocurrencies."

As for the broader market trends, CZ expressed his belief that the crypto industry is ultimately founded on an ideology of freedom, which will continue to attract individuals and institutions alike.

"Crypto is really about freedom—freedom of speech, freedom of thought, and freedom of finance," said CZ. "Without freedom in finance, freedom itself is incomplete."

News data source: kdj.com

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