CZ Reports Governments Now Refer to Crypto as ‘Hard Money’

Former Binance CEO Changpeng Zhao reported that two senior officials from unnamed countries referred to cryptocurrency as "the hard money" in advisory discussions, indicating growing recognition of crypto's economic role.

Key Points:

"Hard money" refers to currency backed by valuable commodities, expected to maintain stable value and resist inflation.
Bitcoin [BTC] and gold account for about 14% of the global money supply. Bitcoin is noted as the scarcest store of value with a low annual supply increase.
Zhao's advisory roles include appointments in Pakistan and Kyrgyzstan, focusing on digital assets and blockchain integration.
Kyrgyzstan launched a national stablecoin, KGST, and established a cryptocurrency reserve; Pakistan initiated a Bitcoin strategic reserve and licensing exchanges.
The U.S. leads in government crypto holdings with $34.2 billion in digital assets. The UK holds $6.36 billion, and El Salvador maintains $652 million in Bitcoin as legal tender.
Galaxy Research predicts several nation-states will add Bitcoin to reserves by year's end, potentially driving its price up significantly.