Changpeng Zhao, founder of Binance, has projected that Bitcoin's price could reach between $500,000 and $1 million during the current market cycle, implying a potential surge of up to 1,000% from current levels.
This bullish outlook has been echoed across various crypto news sources and analysts.
Meanwhile, a CNBC analyst noted that if Bitcoin crosses the $100,000 mark, it could continue to rise to $125,000, describing this level as a bounce point.
Additionally, historical trends linked to gold prices suggest that if gold reaches $5,000 per ounce, Bitcoin could surge to $155,000 or higher.
The current market capitalization of Bitcoin is under $2 trillion, whereas gold's market cap stands at $22.6 trillion with a target price of over $8,000 per ounce in the coming years, potentially increasing gold's market cap to over $50 trillion.
These comparisons highlight the potential for significant growth in Bitcoin's valuation relative to traditional assets like gold.
