CZ Defends Bitcoin as Gold and Silver Shed Trillions in 24 Hours

Key Insights:

• CZ says sharp drops hit even gold and silver, backing Bitcoin against short-term panic.
• Industry leaders point to hiring, infrastructure, and steady steps toward mainstream crypto use.
• Binance reinforces trust with reserves data and a move to back SAFU with Bitcoin.

Bitcoin became the center of market debate after viral posts claimed massive losses in gold and silver within a single day. Notably, as fear spread, Binance founder Changpeng ‘CZ’ Zhao stepped in, arguing that price shocks do not erase long-term value.

CZ Defends Bitcoin Amid Market Shock

Bitcoin was pulled into the spotlight after a wave of social media posts pointed out that gold and silver lost trillions of dollars in value in just 24 hours. The claims, shared widely on X, framed the move as a rare and extreme market event.

While the scale of the losses was debated, the reaction was real. Fear spread fast across both traditional and digital asset markets.

Binance founder Changpeng Zhao responded directly to the narrative. He said that even physical assets with thousands of years of history, like gold and silver, can still face sharp and sudden price drops.

According to him, age alone does not protect an asset from volatility. He noted that if long-standing stores of value can swing hard, newer assets should not be judged only by short-term moves.

CZ also placed Bitcoin in a wider context. He reminded readers that Bitcoin is only about 17 years old and has spent much of its life facing restrictions, doubt, and pressure from regulators.

Despite this, it has continued to survive and grow. In his view, the comparison with gold was not meant to weaken Bitcoin but to show that all markets carry risk, even the oldest ones.

The comments came at a time when market sentiment was already fragile. Traders were watching prices closely, while online voices amplified fear and speculation.

CZ did not deny the current volatility; instead, he framed it as part of market reality, not a signal of failure. His defense was aimed less at traders and more at long-term observers who question whether crypto belongs beside traditional assets.

Crypto Market Push Toward Mainstream Adoption

While prices grabbed attention, several industry figures focused on what was happening behind the scenes. Shan Aggarwal noted that sentiment was down, but hiring and preparation among large financial players were picking up. His message suggested that market drops often hide quiet expansion.

Hunter Horsley of Bitwise added to that view by predicting that most major financial institutions would be offering crypto products and services by the end of 2026. According to him, the industry was moving quickly toward the mainstream, even if the path looked rough in the short term.

Binance also released a detailed open letter amid the volatility. The company acknowledged the pressure felt across the industry and outlined steps it had taken in 2025. These included helping users recover incorrect deposits, expanding risk controls, and working with law enforcement to fight illegal activity.

Binance also reported large proof of reserves figures, aimed at reinforcing trust during uncertain times. One of the most notable moves was Binance’s decision to convert its SAFU fund stablecoin reserves into Bitcoin.

Notably, the fund, designed to protect users, will be rebalanced and replenished if its value drops below a set level. The move was presented as a vote of confidence during a difficult market phase.

Bitcoin as a Long-Term Store Of Value

The idea of Bitcoin as a long-term store of value was repeated across several statements. Binance described it as the foundational asset of the crypto ecosystem. Michael Saylor echoed that view by highlighting the same message publicly.

Supporters argue that short-term price swings do not cancel long-term use cases. They point to increasing institutional interest, stronger infrastructure, and growing public awareness.

Critics remain, especially during volatile periods, but the industry’s leaders appear focused on endurance rather than daily charts. As gold, silver, and crypto all face shifting market conditions, the debate over value continues.

For now, Bitcoin remains at the center of that debate, defended not as a perfect asset, but as one still early in its global role.