Binance Co-Founder CZ Predicts Bitcoin To Hit $1 MillionBut Heres What He Says?
The post Binance Co-Founder CZ Predicts Bitcoin To Hit $1 MillionBut Heres What He Says? appeared first on Coinpedia Fintech News
After weeks of struggling, Bitcoin is finally making a strong comeback and has now jumped to $85k. But thats not the biggest news. In a recent interview, Changpeng Zhao, the co-founder and former CEO of Binance, made a jaw-dropping prediction, he believes Bitcoin will eventually hit $1 million!
Bitcoin Could Reach $1 Million
In a recent interview in Pakistan, where he was recently named the strategic advisor for the Pakistan Crypto Council, CZ opened up about the future of crypto, youth adoption, and the role governments might play in the coming years.
During an interview, when asked if Bitcoin could realistically hit $1 million, CZ didnt hesitate. Yes, I believe it will happen, he said. However, he also made it clear that this kind of growth takes time.
He explained that many people want success to happen instantly, but the crypto market is still young. Big things, he said, often take years to grow. Were still in the early stages. Good things dont happen overnight.
Countries Will Race to Buy Bitcoin
Further into the interview, CZ also predicted a future where countries compete to stock up on Bitcoin. Since the U.S. has already treated Bitcoin as a reserve asset, other countries might follow soon.
He believes that the richest countries will be the first to invest in large amounts of Bitcoin. That move could send Bitcoins price soaring, leaving slower adopters struggling to catch up.
Other Experts Predict The Same
CZ isnt the only one who sees a bright future for Bitcoin. Jack Dorsey, co-founder of Block and former CEO of Twitter, thinks Bitcoins market value could cross $20 trillion by 2030. That would push the price to at least $1 million.
Samson Mow, CEO of JAN3, believes Bitcoin might hit that number by 2025, though many think that timeline is a bit too hopeful.
Meanwhile, Cathie Wood of Ark Invest predicts Bitcoin could even reach $1.5 million by the end of this decade.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
