CZ Zhao predicts bitcoin will surpass gold's market cap in the next bull market, with stablecoins driving AI adoption.
Macro & Markets ·
CZ Zhao said at Bitcoin Asia 2026 that bitcoin could surpass gold's market capitalization during the next bull market. He also pointed to stablecoins as a mechanism for driving broader adoption of artificial intelligence technologies. The remarks reflect confidence in bitcoin's long-term value proposition relative to traditional stores of wealth.
The claim sits within ongoing debate about bitcoin's macroeconomic role and competitive positioning against legacy assets. Stablecoins have become increasingly central to blockchain infrastructure, functioning as on-chain bridges to fiat-denominated transactions and enabling tokenized AI applications. Whether stablecoins will emerge as the primary adoption vector for AI remains contested in the industry.
The timeline and conditions under which such a revaluation might occur remain unspecified. No detail was provided on what constitutes the "next bull market" or what specific stablecoin mechanisms would drive AI integration at scale.