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Bitcoin Price Prediction From the Founder of Binance

Bitcoin Price Prediction From the Founder of Binance
© Copyright Image: Coindoo

When asked whether Bitcoin could realistically reach the $1 million mark, CZ responded without hesitation: Yes, I believe it will happen. He was quick to clarify, however, that such a monumental price level wont be achieved overnight.

Were still in the early stages, he said, emphasizing that the crypto market, while growing rapidly, remains relatively young. Good things dont happen overnight. It takes time. Most people underestimate what can happen in 510 years.

CZs comments echo a sentiment increasingly shared among long-term Bitcoin holders who view BTC as more than just a speculative assetbut rather, a future global reserve.

Governments Could Compete for Bitcoin Reserves

Beyond price speculation, CZ spoke about a future geopolitical trend: nation-states racing to buy Bitcoin as a strategic reserve.

The U.S. has already made it clear that it treats Bitcoin as a reserve asset. Other countries wont want to be left behind, he said.

According to CZ, wealthier and more financially stable nations will likely move first, acquiring large BTC holdings as part of their sovereign reserves. This, in turn, could send the price skyrocketingand put latecomers at a disadvantage.

As part of his new role as strategic advisor to the Pakistan Crypto Council, CZs comments may carry particular significance for countries looking to modernize their financial systems through digital assets.

The post Bitcoin Price Prediction From the Founder of Binance appeared first on Coindoo.

Read more: https://coindoo.com/bitcoin-price-prediction-from-the-founder-of-binance/

Text source: Coindoo

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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