BlockBeats News, August 27th, CZ stated at Bitcoin Asia 2026 in Hong Kong:

Bitcoin reaching $1 million doesn't need 25 years, it will be faster; what is currently lacking is practical use cases, especially in large-scale payments, and becoming a reserve asset for retirement. He believes Bitcoin will eventually be more important than gold, with the current market value gap only about tenfold. In the next bull market, it is possible to catch up; the shift of major countries will take time because the gold holding and valuation mechanisms have long been established, but the direction is clear. Another very small possibility is that some better form of digital currency may surpass Bitcoin before it surpasses gold, but he thinks the probability is very low.

In terms of investment logic, CZ believes that the industry should not be viewed as a zero-sum game: RWAs and tokenization of stocks will benefit Bitcoin. It is difficult for Asians to buy US stocks, and the time zone is not convenient. After the tokenization opens the door to US stocks, users will enter the advanced encryption platform first, and then it will be easier to obtain Bitcoin exposure, and funds will flow bidirectionally. The same goes for multi-chains—only Bitcoin, and the industry's development will be slower; innovations on chains like Ethereum, BNB Chain, will eventually be absorbed by Bitcoin. Bitcoin remains the largest market cap and the most decentralized long-term reserve asset. He suggests that countries establish crypto reserves, issue national stablecoins, and tokenize assets such as rare earths, real estate, intellectual property, to attract cross-border funds.

Regarding the next bull market hotspots, CZ clearly stated that he cannot predict, ICOs in 2017, and later NFTs were only clear in hindsight. Currently, he believes RWAs and AI are the strongest, stablecoins, centralized and decentralized exchanges, meme, DeFi will continue to grow, and NFTs may also come back in some form. The combination of AI and crypto will first enter through stablecoins, then connect to Bitcoin and other tokens; AI companies could issue a "data center token" for computing power. In terms of landing sequence, AI agent trading will come before AI payments because trading requires real-time information and automatic ordering.