{"id":46852,"date":"2025-02-22T09:00:49","date_gmt":"2025-02-22T09:00:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46852"},"modified":"2025-02-22T09:00:49","modified_gmt":"2025-02-22T09:00:49","slug":"bitcoins-grip-tightens-cz-says-theres-no-escape-from-crypto","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46852","title":{"rendered":"Bitcoin\u2019s Grip Tightens \u2014 CZ Says There\u2019s \u2018No Escape\u2019 From Crypto"},"content":{"rendered":"

A former cryptocurrency exchange executive remarked that Bitcoin<\/a> is an inescapable reality, a statement that stirred a discussion within the crypto community.<\/p>\n

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\u2019s proposed Strategic Bitcoin Reserve.<\/p>\n

Bitcoin Reserve Bill<\/strong><\/h2>\n

The proposal to create a US Strategic Bitcoin Reserve<\/a> 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.<\/p>\n

Satoshi Action Fund posted on its X account that Montana\u2019s proposed House Bill<\/a> No. 420 which seeks to create a localized Bitcoin reserve has been passed.<\/p>\n

\u201cStrategic Bitcoin Reserve legislation in Montana passes out of committee and moves onto a House floor vote,\u201d Satoshi Action Fund said.<\/p>\n

Representative Curtis Schomer sponsored the BTC-related bill.<\/p>\n

\u201cMontana becomes the 4th state to pass SBR out of committee. Utah, Oklahoma, Arizona, and Montana,\u201d Dennis Porter, CEO and Co-Founder at Satoshi Action Fund, noted on his social media post.<\/p>\n

\u2018No Escape\u2019<\/strong><\/h2>\n

With this development, CZ posted his thoughts on the Montana legislation, implying that Bitcoin has become an unavoidable reality while saying, \u201cThere is no other choice.\u201d<\/p>\n

countries or individuals. There is no escape\u2026 It\u2019s like, you can\u2019t not use the internet (or money). <\/p>\n

\u2014 CZ BNB (@cz_binance) February 19, 2025<\/a><\/p>\n

\u201cYou can buy bitcoins after the US government is done buying, or before,\u201d 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.<\/p>\n

A crypto trader agrees with CZ\u2019s opinion that no one can avoid BTC. \u201cFront-run the biggest buyer in history, or wait until there\u2019s nothing left. The choice isn\u2019t if\u2014it\u2019s when.\u201d<\/p>\n

The trader added that those late in adopting BTC will have to pay the premium for not making the move earlier.<\/p>\n

\u201cCountries or individuals. There is no escape\u2026 It\u2019s like, you can\u2019t not use the internet (or money),\u201d 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.<\/p>\n

BNB Donation<\/strong><\/p>\n

In a separate post, CZ emphasized the significance of crypto donations to help other individuals during disasters.<\/p>\n

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

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<\/a> coin, a digital asset that was briefly promoted by Argentina\u2019s president, Javier Milei.<\/p>\n

CZ said that he sent the BNB<\/a> 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.<\/p>\n

Featured image from Finans, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

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\u2019s proposed […]<\/p>\n","protected":false},"author":0,"featured_media":46853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46852"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46852"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46853"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}