Bitcoin Magazine

Bitcoin Asia: Binance’s CZ Says $1M Bitcoin Is Coming — and Gold Won’t Keep Up

Binance founder Changpeng “CZ” Zhao has said that Bitcoin will hit $1 million dollars per coin sooner than we think — and eventually surpass gold’s market value. 

Speaking at this year’s Bitcoin Asia on Thursday, the crypto entrepreneur also said that Bitcoin is “dangerous” for countries that don’t use it. 

Bitcoin Asia kicked off on Thursday in Hong Kong, bringing the biggest names in the space to Hong Kong to talk about everything from treasury companies to building apps from scratch. 

JUST IN: Former Binance CEO CZ says "I think for Bitcoin to hit $1,000,000 would be a good thing. And it'll happen."

"I don't think we need 25 years. I think it's gonna happen much quicker." pic.twitter.com/Qo4VRNoTso

— Bitcoin Magazine (@BitcoinMagazine) August 27, 2026

“I think for Bitcoin hitting a million dollars would be a good thing — it will happen,” CZ said. “You think we need 25 years for that to happen? No, I actually don’t think we need 25 years, I think it’s going to happen much quicker.”

CZ continued: “Bitcoin will, for sure, become more important than gold,” adding that large counties would over the years realize that the leading cryptocurrency is a “much better asset.” 

Bitcoin’s price started surging last week on news that the U.S. Treasury would at least double the size of its liquidity-support buyback operations. The announcement last week hurt the dollar but non-yielding assets like Bitcoin and gold have benefited.   

The price of Bitcoin has jumped nearly 12% over the past seven days, touching as high as $81,160 this week before dropping again to its current price of $80,520. 

Bitcoin’s $1.6 trillion market cap is still well below gold’s $32.2 trillion value. 

Regarding nation state adoption, CZ said that countries that don’t end up adopting Bitcoin will lose out — just like with other emerging technologies, such as AI. 

“If you think about AI, which country doesn’t want to hold the AI technology itself? Not investing in AI technology, not promoting the AI industry in your country, is dangerous for you,” he said. 

“Many countries view Bitcoin as this dangerous thing — it’s not. Bitcoin is much more dangerous if you don’t use it: you’re missing out.”

He added that countries making the move to shift into Bitcoin would take time but would eventually happen. 

This post Bitcoin Asia: Binance’s CZ Says $1M Bitcoin Is Coming — and Gold Won’t Keep Up first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

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A US appeals court has allowed a proposed Binance-related theft lawsuit to proceed in federal court, rejecting a lower-court order that had forced the plaintiffs into arbitration.

The Eleventh Circuit issued an extraordinary writ of mandamus on August 19, directing the lower court to vacate its arbitration order. The panel found that the eight alleged crypto theft victims had never opened Binance accounts and therefore were not bound by Binance’s Terms of Use.

That is an important procedural ruling.

It does not mean Binance has been found liable. It does not prove RICO or anti-money-laundering allegations. It only determines that the plaintiffs can pursue the case in federal court rather than being forced into arbitration.

TL;DR

• The Eleventh Circuit allowed eight alleged crypto theft victims to pursue claims in federal court.
• The panel found they were not bound by Binance’s arbitration terms because they never opened Binance accounts.
• The ruling is procedural and does not decide liability.

Why Arbitration Was The Key Issue

Many online platforms include arbitration clauses in their terms.

Those clauses can require users to resolve disputes privately instead of suing in court. Companies often prefer arbitration because it can reduce litigation costs, limit class-action risk, and keep disputes out of public court proceedings.

But arbitration usually depends on agreement.

If someone never opened an account and never accepted the terms, the argument that they must arbitrate becomes weaker.

That appears to be the issue in this case.

The plaintiffs argued they were victims of crypto theft and did not agree to Binance’s user terms. The appeals court agreed that forcing arbitration under those terms was improper.

Why This Matters For Crypto Platforms

Crypto theft cases often involve complicated chains of transactions, exchanges, wallets, and intermediaries.

Victims may claim stolen funds passed through major platforms even if they were never customers of those platforms. Exchanges, meanwhile, may argue that claims connected to their services should be handled under platform terms.

The Eleventh Circuit ruling limits how far that argument can reach.

If non-users are not bound by platform terms, they may have more room to pursue claims in court. That could matter in future theft, laundering, fraud, and tracing cases.

It does not guarantee those plaintiffs will win. It simply keeps the courthouse door open.

The Allegations Still Need To Be Proven

The lawsuit reportedly includes serious allegations, including RICO and anti-money-laundering compliance claims against Binance-related defendants.

But allegations are not findings.

The court did not rule that Binance laundered funds, violated RICO, or caused the plaintiffs’ losses. It only addressed whether the plaintiffs could be compelled to arbitrate.

That distinction is essential.

Crypto litigation headlines can easily make procedural rulings sound like judgments on the facts. This ruling is about venue and consent, not liability.

A Wider Compliance Signal

Even though the ruling is procedural, it still adds pressure to exchanges.

Major platforms are already under scrutiny from regulators, plaintiffs, and law enforcement over transaction monitoring, sanctions compliance, fraud controls, and the movement of stolen assets.

A federal case moving forward can create discovery, public filings, and legal risk.

That may encourage platforms to keep strengthening compliance systems, especially around suspicious flows and account activity linked to hacks or scams.

What Comes Next

The case now returns to federal court unless further review changes the outcome.

The plaintiffs still need to prove their claims. Defendants can still challenge the allegations, seek dismissal, contest class certification, and defend the case on the merits.

For now, the key point is narrower.

The appeals court found that alleged victims who never opened Binance accounts could not be forced into arbitration based on account terms they did not accept.

That gives the case a path forward in federal court — and adds another legal development to the growing list of crypto exchange liability battles.

This article is based on the Eleventh Circuit’s mandamus ruling and related court materials.

This article was written by the News Desk and edited by Samuel Rae.

This report is based on information released in disclosures at primary source documentation.