Europe Is Missing Out as Nations Build Bitcoin Reserves Changpeng Zhao

Yet despite the growing momentum, some regions, particularly Europe, appear to be falling behind.
Speaking at Token2049 in Dubai, Binance founder Changpeng Zhao (CZ) shared his thoughts on how national reserves of digital assets are shaping geopolitical strategies.
Having consulted with multiple governments on this topic, CZ pointed out that Europe has remained notably absent from serious conversations around building sovereign crypto reservesunlike the U.S. or several Asian nations.
One standout, according to CZ, is Bhutan. He revealed that the Himalayan country has already built a significant position in Bitcoin, reportedly worth billions, and is now expanding those holdings to include Ethereum and BNB.
He framed this move as an example of proactive financial planning in a world increasingly shaped by decentralized assets.
CZ also commented on the broader market landscape, noting that Bitcoin ETFs have been a key force behind the latest bull run. While Ethereum hasnt matched that momentum yet, he suggested that capital will eventually flow into other assets as investor confidence deepens.
He concluded by underscoring the ideological roots of crypto, calling it a pillar of personal and economic freedom. Without freedom in finance, he said, freedom itself is incomplete.
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