1. First, let’s talk about the biggest words from yesterday’s summit
In Hong Kong, Zhao Changpeng said three of the most important things:
“Bitcoin reaching $1 million doesn’t need 25 years—it’ll happen much faster.”
“Bitcoin will definitely be more important than gold; the next bull market may already complete it.”
“Countries that don’t use Bitcoin are more dangerous than those that do.”
This isn’t polite talk—it was said in front of 125 countries, more than ten thousand attendees, and global media.
At yesterday’s Bitcoin Asia 2026, the focus of the topics shifted from technical preaching to institutional allocation and bridging between Western and Eastern capital. Who attended? Metaplanet’s CEO, American Bitcoin Corp., Barclays, and TD Securities. They weren’t there to discuss technology—they were there to discuss how to allocate it.
II. Three core judgments from CZ, reshaping market expectations
① Bitcoin outperforming gold—could happen in the next bull cycle
CZ’s exact words: “Right now, the scale gap between gold and Bitcoin is about 10x. But Bitcoin is a ‘higher-quality, more important asset.’ The next bull cycle may complete this outperformance. If the market accepts this narrative, Bitcoin’s valuation ceiling will be rewritten entirely.”
② Tokenized stocks are becoming the “Bitcoin flow-entry point”
CZ gave an example: it’s hard for Asian users to open U.S. stock accounts and inconvenient for them to trade during market hours. But once stocks are tokenized, these people can buy and sell U.S. stocks through crypto platforms. Once they enter crypto platforms, they’re very likely to come into contact with Bitcoin. This isn’t a zero-sum game—it’s each feeding the other. Tokenized stocks bring new users to Bitcoin, and Bitcoin provides the underlying trust infrastructure for tokenized stocks.
③ Suggestions for governments: build frameworks, hold reserves, issue stablecoins, promote tokenization
CZ clearly advised governments to allocate national reserves in proportion to the top five crypto assets by market capitalization (excluding stablecoins). Under this plan, Bitcoin’s allocation ratio should be above 50%. If any major country adopts this suggestion, demand for Bitcoin will undergo a structural change.
III. The summit set the direction; tonight’s Non-Farm Payrolls is the first “verification point”
CZ looks at the next ten years, but the market looks at tonight. At 20:30 tonight, the U.S. August Non-Farm Payrolls jobs data will be released.
How crazy was last month’s (July) Non-Farm Payrolls? New jobs fell by 23,000—turning negative directly. May and June were revised down by more than 100,000 jobs in total. After the data came out, the probability of a September rate hike dropped from 57% to around 40%.
Tonight’s key lies in:
Data remains weak (<1M) → Rate-cut expectations heat up → Positive for BTC; combined with the summit sentiment, it may test 81,000 again or even higher
Stronger-than-expected data (>1.5M) → Rate-hike expectations pick back up → Near-term pressure; the 78,000–78,500 support zone may be tested
The market expects August Non-Farm Payrolls to be roughly in the 80,000–100,000 range. If the actual number falls within that band, it’s a “modest cooling,” which is mildly favorable for BTC but won’t trigger a blowout rally. Only if it’s below 50,000 is it a truly “bullish bomb.”
IV. Night Reading helps you pick the key points
V. Night Reading’s trading approach tonight
Don’t chase the rally near 80,000: summit sentiment + Non-Farm expectations are already partly priced in, so the odds aren’t worth it if you jump in.
78,000–78,500 is the first observation zone: if the Non-Farm data is weak but the market doesn’t explode higher, a pullback and stabilization is the comfortable spot.
If the Non-Farm data is stronger than expected: don’t rush to bottom-fish—first see whether 76,000–77,000 can hold.
If the data is below 50,000: wait for the direction to be confirmed—don’t chase the first bullish candle
Night Reading’s final line: Yesterday’s summit provided a direction for the next decade—Bitcoin is evolving from a “retail speculative tool” into a “national strategic asset.” Tonight’s U.S. Non-Farm Payrolls jobs data is the market’s first score for this new story. The direction is good, but the timing must be right.
Tonight, Night Reading will keep a close watch on the Non-Farm Payrolls data. If there’s any unusual move, we’ll post it in the group immediately. If you want to keep in sync with the pace, 🚀 click “Follow” to enter the group chat for communication.
Note: This article only shares trading psychology and strategic thinking and does not constitute investment advice. The market is risky; you should be cautious when entering. If you’d like to learn with Night Reading, feel free to reach out to me!
@CZ
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