CZ Says Governments Are Buying Bitcoin as Breakout Signals Major Rally Ahead

• CZ says multiple countries are creating Bitcoin reserves after the U.S. led the move.
• Binance advises nations on wallet security and custody strategies for sovereign crypto holdings.
• Bitcoin’s breakout above resistance mimics past setups that triggered strong rallies after macro fear events.

Crypto influencer Crypto Rover posted on July 5 that “many countries are buying #Bitcoin for their reserves,” quoting Binance founder Changpeng Zhao (CZ). 

CZ said governments are now creating national Bitcoin reserves, following the lead of the United States. He explained that once the U.S.—one of the world’s largest economies—began holding Bitcoin, other nations felt pressured to act.

“The later you do it, the more expensive your crypto will be,”

 CZ said during a closed-door discussion.

U.S. Bitcoin Holdings Push Countries to Act

Zhao noted that the U.S. reportedly holds around 200,000 BTC. In response, other governments are seeking advice on how to start. Binance, according to CZ, is actively helping countries set up crypto reserves, guiding them through key decisions like wallet infrastructure and custody.

“For most countries, the sta…

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