"Global Governments Boost BTC Holdings Due to U.S. Bitcoin Reserves – CZ"

# Binance Founder CZ Spotlights U.S. Bitcoin Holdings as a Catalyst for Global Accumulation Changpeng Zhao (CZ), the founder of Binance, disclosed that the United States holds an impressive reserve of 200,000 Bitcoin (BTC), which he asserts has prompted other countries to start accumulating the cryptocurrency. A report from 36Crypto on October 6 (local time), referencing insights from cryptocurrency influencer Crypto Rover, noted that CZ shared details about the U.S. Bitcoin reserves during a private event. He noted, "Once the United States made its move, other nations had no choice but to start buying as well." In response to this revelation, Binance has been aiding multiple countries in setting up their Bitcoin reserves. The firm is offering guidance on developing national-level reserve infrastructures, providing expertise in areas like wallet systems, custody solutions, and security protocols. # Technical Consulting for National Bitcoin Custody CZ suggested that smaller nations initially prioritize multisignature custody solutions. As their technical capabilities grow, they should shift to self-managed cold wallet systems. This strategy is designed to enhance initial security by ensuring that no single institution has complete control over the assets. He further stressed, "Without institutional-level security systems in place from the very beginning, it will be challenging to avoid potentially catastrophic errors." CZ underscored the necessity of assessing technical capabilities and implementing robust security measures for key management. # Urgency in Bitcoin Accumulation CZ depicted the increasing momentum among countries to accumulate Bitcoin not as a speculative trend but as an urgent strategic endeavor. "The longer they wait, the higher their entry costs will be," he warned. "Delaying this process will only increase the financial burden." Binance's role in supporting national Bitcoin reserve systems, alongside the revelation of U.S. holdings, marks a new phase in the global race for cryptocurrency accumulation—one driven by strategic urgency and geopolitical considerations.