Binance’s CZ reveals the best way to advance the economy with crypto reserves

Jakarta, Pintu News – Changpeng Zhao, founder and former CEO of Binance, the world’s largest exchange, recently gave his views on the decline of the Indian rupee against the US dollar. Through his official account on X, CZ commented on how protectionist policies can hurt a country’s economy.

According to him, protectionism is always detrimental as it has a direct impact on people’s welfare. In his tweet, CZ highlighted that the nearly 0.5% increase in the value of the US dollar against the rupee on the day, was in line with the new 25% trade tariffs implemented by the US government on imported goods from India. Zhao argued that such measures would only worsen the existing economic conditions.

Innovation Adoption as Key to Economic Recovery

CZ emphasized that the adoption of innovation is the best way to improve the economy. With a background as a proponent of blockchain and crypto technology, he suggested that the adoption of new technologies could bring economic progress. According to him, countries that are open to new innovations, such as cryptocurrencies, tend to have greater potential to recover and thrive.

CZ’s experience in Kazakhstan, where he was invited to become a member of the national crypto council, shows that the country has already started the construction of a Bitcoin (BTC) reserve. This suggests that the adoption of cryptocurrencies could be a strategic move to strengthen the national economy.

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National Crypto Reserve Potential

Referring to Kazakhstan’s success in establishing a Bitcoin (BTC) reserve, CZ proposed that India should perhaps consider a similar approach. By creating a national crypto reserve, India would not only reduce dependence on foreign currencies but also strengthen its economic position on the global scene.

Crypto reserves can serve as an effective hedging tool against currency exchange rate fluctuations and economic crises. By having such reserves, countries can more easily manage economic risks and ensure long-term financial stability.

Conclusion

CZ’s views on the global economy and the potential of cryptocurrencies in advancing the economy offer a new perspective on how countries can overcome current economic challenges. By adopting new technologies and utilizing the advantages of crypto, countries like India can achieve greater economic stability and growth.

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Reference

• U.Today. Binance’s CZ Reveals Best Way to Improve Economy, Hints at Crypto Reserve. Accessed on September 12, 2025