Changpeng Zhao Proposes Over 50% Bitcoin Allocation in National Digital Asset Reserves

Changpeng Zhao, the founder of Binance, has proposed that national digital asset reserves allocate more than 50% to Bitcoin (BTC), with the remainder diversified among top market capitalization assets. At the 'Bitcoin Asia 2026' event held in Hong Kong on August 27, Zhao stated that it is reasonable to base reserves on the top five digital assets by market capitalization, excluding stablecoins. Bitcoin would account for more than half of the total reserves, while Ethereum (ETH) could be included at a level of 10-20%, with the rest diversified among other top market capitalization digital assets. Zhao opposes the idea of filling national reserves solely with Bitcoin, explaining that the emergence of new financial services and technologies on other blockchains would lead to the growth of the entire digital asset ecosystem. He forecasted that Bitcoin would remain at the center of reserve assets in the long term and suggested that if governments treat Bitcoin as a strategic reserve asset, it could approach or even surpass the status of gold. However, he added that the transition from gold to Bitcoin would not happen in the short term. Examples of national-level Bitcoin holdings include the United States' strategic Bitcoin reserves and Bhutan's accumulation of Bitcoin through hydropower.

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