Binance founder: Bitcoin can reach one million dollars-the bull market only begins
- Changpeng Zhao claims that the BTC course could still reach one million dollars in this cycle-it would be a juicy price increase of 959%.
- The Binance ex-boss expects the market capitalization of cryptocurrencies to reach five trillion dollars, which would extend the bull cycle beyond 2025.
According to Changpeng Zhao, founder and former CEO of Binance, Bitcoin could achieve a seven -digit course in this bull cycle. In a recent Rencradio podcast, he spoke from a rally to a million dollars. The prediction comes at a time when Bitcoin consolidates after reaching a new all -time high at the beginning of the year. CZ’s forecast gives the growing speculation weight that this household phase could go far beyond the traditional periods.
Zhao remains: Bitcoin increases to 1 million
During a Myriad markets forecast session with Rugadio founder Farokh Sarmad predicted that Bitcoin could increase between $ 500,000 and $ 1 million before the current bull cycle ends. He called a strong market dynamics and persistent investor interest as possible catalysts for such a jump.
At the time of his statement, Bitcoin was traded at $ 94,457. A jump to $ 1 million would mean an increase of 959% and market capitalization would increase to $ 19.8 trillion – just below the estimated value of gold of $ 22 trillion.
It is not the first time that Zhao expresses such a view. Already in February, during a market depression, he tweeted that Bitcoin could reach $ 1 million before a possible correction was made to about $ 985,000. In contrast to previous comments, however, he has now put this scenario in the context of the current bull cycle. CZ’s schedule questions other forecasts, including a target of 2027 by Satoshi Action Funds and an estimate of 2030 by Cathie Wood and Swan Bitcoin.
Zhao expects a longer housesee and more market growth
Zhao also spoke about larger cryptoma market trends. He believes that the global crypto market will reach five dollars by the end of 2025. According to him, this is promoted by increasing acceptance in the general public and the trust of investors.
In addition to the market forecasts, Zhao also spoke about personal things. He mentioned his earlier participation in memoins because he had posted pictures of his dog “Broccoli” in February.
The contributions triggered a Memecoin trade wave, but Zhao made it clear that he had no idea what Memecoins was and only reacted to the interest of the community. He enjoyed the interaction, but said that he did not want to buy any other dog.
He also addressed the ongoing speculation about legal questions. He denied that he had offered to give up his bony-us shares against pardon by the president. He confirmed that he made an application for pardon, but there was no direct contact with US President Donald Trump, as CNF reported. He also said that he would not return as a Binance CEO.
Zhao’s comments come at a critical time for Bitcoin and the entire industry. While people are waiting for the next outbreak, Zhao’s million forecast for Bitcoin is heating up the house again.
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