Key Highlights
- Former Binance CEO Changpeng Zhao characterized Bitcoin as a hard asset in recent social media commentary.
- CZ emphasized Bitcoin’s primary function as protection against inflation rather than a vehicle for quick profits.
- Multiple crypto community members challenged his characterization, highlighting Bitcoin’s significant price fluctuations.
- Zhao has maintained his long-term bullish outlook, previously forecasting Bitcoin could eventually hit $1,000,000.
- Financial educator Robert Kiyosaki issued fresh predictions linking a potential market collapse to massive crypto gains.
Changpeng Zhao, the founder of Binance, weighed in on Bitcoin’s latest price movement and reinforced his position that the cryptocurrency qualifies as a hard asset. His comments appeared on X as Bitcoin hovered around the $68,000 mark following a modest weekend decline. His remarks immediately drew criticism from various community participants who pointed to the digital asset’s pronounced volatility.
CZ Reinforces Bitcoin Hard Asset Thesis
In his social media post, Changpeng Zhao argued that Bitcoin’s fundamental purpose extends beyond day trading activities. He positioned the leading cryptocurrency as a protective mechanism against inflation, particularly valuable during challenging economic conditions. His statement read, “Bitcoin is a hard asset. (Other top crypto too.)” He encouraged market participants to maintain a long-term perspective centered on widespread adoption and intrinsic value.
Bitcoin is a hard asset.
(Other top crypto too.)
— CZ 🔶 BNB (@cz_binance) March 23, 2026
The response from the crypto community proved swift and skeptical. Multiple commenters questioned the hard asset classification directly beneath his post. One respondent noted, “Hard assets don’t usually fluctuate 20% in a week.” Another community member countered, “If it can lose 50% in months, calling it a ‘hard asset’ is a stretch.” These critiques centered primarily on Bitcoin’s price instability rather than examining its fixed supply characteristics.
Zhao previously shared ambitious price predictions for Bitcoin’s future trajectory. Earlier this year, he suggested the cryptocurrency could eventually climb to $1,000,000 per coin. He qualified this projection by acknowledging such appreciation would require an extended timeframe spanning many years. No specific deadline accompanied his price target.
Rich Dad Author Issues Bullish Post-Crash Forecast
Robert Kiyosaki, best known for authoring “Rich Dad Poor Dad,” reiterated his expectation of an impending financial crisis. The financial educator stated he anticipates a significant market downturn in the near future. According to his analysis, this collapse will create conditions for substantial appreciation in Bitcoin and alternative assets. He proclaimed that Bitcoin, Ethereum, gold, and silver are “going to the stars.”
Kiyosaki framed market downturns as optimal wealth-building moments for tangible assets. He declared, “The best time to get rich is in a crash.” His specific projections included Bitcoin climbing to $750,000 within twelve months following such a crisis. Additionally, he forecast Ethereum reaching $95,000, gold hitting $35,000, and silver trading at $200 per ounce.
BIGGEST BUBBLE BUST
I do not know what pin, what event will pop the biggest bubbles in histor. What ever the event, the pin is near.
It’s not IF. It’s WHEN.
When the bubbles go bust I predict gold will hit $35,000 an ounce one year after the gold bubble goes pop..
I predict…
— Robert Kiyosaki (@theRealKiyosaki) March 16, 2026
Bitcoin remained below the $70,000 threshold throughout Monday trading, settling near $68,000. The weekend pullback amounted to approximately 3.35%. Market participants attributed the decline to aggressive monetary policy signals from the Federal Reserve. Growing conflict in the Middle East region added additional pressure across financial markets.
Consequently, both cryptocurrency markets and traditional equities experienced downward pressure. Market participants adjusted positions in response to macroeconomic indicators and geopolitical uncertainties. Bitcoin’s price movements mirrored these broader external influences. As of this reporting, Bitcoin maintained support around the $68,000 level.
