Former Chinese billionaire and Binance founder Zhao Changpeng (CZ) appeared at the Bitcoin MENA 2024 summit on Monday (December 9). He stated that China will become one of the countries adopting Bitcoin as a strategic reserve, possibly following the plans of the newly elected U.S. President Donald Trump. He emphasized that Bitcoin is the only 'hard asset'. CoinTelegraph reported that Zhao Changpeng believes that 'smaller countries' may be the first to adopt Bitcoin as a strategic reserve, but the change may occur slowly. He noted that China has the capacity to implement policies swiftly, which means a rapid shift to Bitcoin is possible. He further mentioned that due to the government's lack of transparency, China's stance on cryptocurrencies is 'harder to predict'. He also stated, 'Trump has not yet taken office, and the Bitcoin strategic reserve has not yet been initiated, so I think once all of this actually happens, we will observe the reactions of other countries.' Zhao Changpeng, who grew up in China, mentioned that if China is willing, it can formulate relevant policies 'very, very quickly'. He emphasized that while he has not seen evidence of the government hoarding Bitcoin, establishing a Bitcoin strategic reserve is 'inevitable'. He said, 'I would be shocked if the (Chinese government) announces something and takes action - but if the (Chinese government) announces after accumulating funds, my level of shock would be smaller. They have to do this at some point because this (Bitcoin) is the only hard asset.' Although Zhao Changpeng has not seen direct evidence of China hoarding Bitcoin, he believes that the establishment of a Bitcoin reserve is inevitable.