Binance’s CZ Says Bitcoin Will Overtake Gold, Reigniting Valuation Debate

Overview

• Changpeng Zhao said on Oct. 20 that “Bitcoin will flip gold,” framing it as an eventual outcome without offering a timeline.
• Bitcoin is trading near $108,000–$110,000 with a market capitalization around $2.2 trillion, according to the latest reporting.
• Anthony Scaramucci projected a path to “gold parity” with a price near $1.5 million per bitcoin, citing rising institutional interest and BlackRock’s ETF.
• Analysts such as Ben Todar highlighted Bitcoin’s speed, transparency and borderless design, while gold advocate Peter Schiff maintained that gold remains the stronger store of value.
• Market action shows Bitcoin down about 4–5% over the week as gold rallied toward roughly $4,400, with some analysts calling gold’s near-term strength overheated.