Crypto Now Called ‘Hard Money’ by Officials
Former Binance CEO Changpeng Zhao reported on Nov. 9 that two senior government officials from two different unnamed countries referred to cryptocurrency as “the hard money” during his advisory discussions last week. He characterized this as a sign that “the realization is finally happening” regarding crypto’s economic role on the global stage.
The term “hard money” carries specific economic significance. According to Investopedia, it describes currency made of or backed by valuable commodities like gold or silver. These assets are expected to maintain stable market value and resist inflation.
Bitcoin and gold together account for approximately 14% of global money supply as of 2025. Bitwise CEO Hunter Horsley…
