CZ Says Bitcoin (BTC) at $100,000 Is "Boring" as Bhutan Adopts Binance Coin (BNB) into Strategic Crypto Reserve

Changpeng Zhao, widely known to the community simply as CZ, cofounder and former CEO of the world's largest cryptocurrency exchange Binance, has announced that BNB

Binance Coin (BNB) has been included in the strategic crypto reserve of Bhutan, along with BTC and ETH.

CZ announced the news on Twitter, sharing an article that reveals that Gelephu Mindfulness City (GMC) in Bhutan’s New Special Administration Region has announced that it intends to include Bitcoin, Ethereum and Binance Coin into its strategic reserves.

Thus, it will be one of the first jurisdictions that holds leading digital currencies in its reserves.

GMC intends to use large market capitalization and high liquidity cryptos for forming its strategic reserves so that they can be easily bought and sold if the need arises, with a minimal impact on the price.

Thus, Gelephu Mindfulness City intends to add other cryptos as well, which are issued on “more mature, secure blockchains that support monitoring of on-chain transactions,” according to the article.

CZ agreed in the comments that Bhutan now, after adopting BNB, is “the happiest country,” stating, “Yes, and a beautiful and smart country too!”

CZ says Bitcoin at $100,000 is "boring"

Earlier this week, CZ joked that for many traders and investors, Bitcoin, after regaining the $100,000 level, now feels “boring.” He then sort of jestingly agreed with a commentator, who stated, “$700 bnb is boring. Lets go $3,000.”

Over the past 24 hours, as if the market has responded to CZ’s humorous tweet, the price of the world’s largest cryptocurrency, BTC, has crashed by more than 6.55%, falling from $102,000 to the $96,000 level and now changing hands roughly at $95,500.

Financial guru Robert Kiyosaki reacted immediately, tweeting, “Bitcoin crashing. Great news.” In his tweet, the investor stated that he continues to buy Bitcoin as it is “on sale” now. The author of the “Rich Dad Poor Dad” book also reminded his millions of X followers that when a crisis comes, it is a perfect opportunity to get rich, buying “real assets” with “fake US dollars” cheaply.