Bitcoin’s Grip Tightens — CZ Says There’s “No Escape” from Crypto

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Bitcoin’s Grip Tightens — CZ Says There’s “No Escape” from Crypto – Crypto News

Published

1 day ago

February 22, 2025

Dripp

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A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community.

The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump’s proposed Strategic Bitcoin Reserve.

Bitcoin Reserve Bill

The proposal to create a US Strategic Bitcoin Reserve is gaining momentum as several US states passed legislation that seeks to establish a localized version of a BTC reserve and build their crypto portfolio.

Satoshi Action Fund posted on its X account that Montana’s proposed House Bill No. 420 which seeks to create a localized Bitcoin reserve has been passed.

“Strategic Bitcoin Reserve legislation in Montana passes out of committee and moves onto a House floor vote,” Satoshi Action Fund said.

Representative Curtis Schomer sponsored the BTC-related bill.

“Montana becomes the 4th state to pass SBR out of committee. Utah, Oklahoma, Arizona, and Montana,” Dennis Porter, CEO and Co-Founder at Satoshi Action Fund, noted on his social media post.

‘No Escape’

With this development, CZ posted his thoughts on the Montana legislation, implying that Bitcoin has become an unavoidable reality while saying, “There is no other choice.”

countries or individuals. There is no escape… It’s like, you can’t not use the internet (or money). 🤷‍♂️

— CZ 🔶 BNB (@cz_binance) February 19, 2025

“You can buy bitcoins after the US government is done buying, or before,” CZ said in a post, indicating that buying the firstborn cryptocurrency is inescapable and that it is no longer a debate whether to buy or not but rather when investors should make a purchase.

A crypto trader agrees with CZ’s opinion that no one can avoid BTC. “Front-run the biggest buyer in history, or wait until there’s nothing left. The choice isn’t if—it’s when.”

The trader added that those late in adopting BTC will have to pay the premium for not making the move earlier.

BTC is now trading at $99,291. Chart: TradingView

“Countries or individuals. There is no escape… It’s like, you can’t not use the internet (or money),” CZ replies to a crypto streamer who said that other countries are also thinking in the same way Montana did in creating a Bitcoin reserve.

BNB Donation

In a separate post, CZ emphasized the significance of crypto donations to help other individuals during disasters.

The ex-Binance executive shared that his previous donation was returned to him with additional crypto, describing it as something unexpected.

Earlier, CZ gave away 150 BNB worth $100,000 to crypto investors who lost their money in a pump-and-dump scheme related to the LIBRA coin, a digital asset that was briefly promoted by Argentina’s president, Javier Milei.

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CZ said that he sent the BNB to a university student, who added $50,000 of his own money to aid the victims. He believes that the student might have earned decent profits on BNB and decided to return the crypto to CZ with a bigger value.

Featured image from Finans, chart from TradingView