Ex-Binance Boss CZ: ‘There Is No Escape’ From Bitcoin
Changpeng Zhao, a former Binance CEO, has commented on the recent development regarding Strategic Bitcoin Reserves that individual US states are currently working on.
He also made a loud Bitcoin statement, likening it to such profound inventions as the Internet and money.
“There is no escape” from Bitcoin
The co-founder of Binance commented on the news about Montana passing the bill which suggests creating a local Bitcoin reserve and moving it to the voting stage. CZ cited a tweet by Dennis Porter, the CEO and co-founder of Satoshi Action Fund.
According to that tweet, Montana has become the fourth state which has passed the Strategic Bitcoin Reserve question out of committee and onto a House floor vote. The other three are Utah, Oklahoma, and Arizona.
CZ tweeted that financial institutions and retail investors can start buying Bitcoin now or already after the US government and all its states have finished buying: “You can buy bitcoins after the US government is done buying, or before.” CZ is certain that “there is no other choice.”
You can buy bitcoins after the US government is done buying, or before.
There is no other choice, btw. 🤷♂️ https://t.co/Xb2eEOaDA0
— CZ 🔶 BNB (@cz_binance) February 19, 2025
When responding to a comment under his tweet, he added that “there is no escape” and he likened Bitcoin to the Internet and money, saying that just like it is impossible not to use those, it will be impossible to avoid using BTC in the future: “There is no escape… It’s like, you can’t not use the internet (or money).”
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
CZ receives his BNB donation back and a lot more
A day earlier, the influencer tweeted to stress the importance of donation-making in crypto to help others in disasters. However, he said, an unexpected thing happened to him – he received his donation back and more crypto on top of that.
Following the shameless rugpull and a scandal around the LIBRA coin that was briefly endorsed by the Argentine president, CZ donated 150 BNB to the victims who lost their money in that pump-and-dump scheme. That amount of crypto was worth roughly $100,000 at the time of the initiated transaction.
CZ sent that money to a university student, who added $50,000 of his own money to help the victims. Zhao pointed out that that student had probably himself made good profits on BNB. What happened afterward is that the address from which CZ sent the money away received crypto back, in bigger value and “more in tokens.”
