🥷 The owner and former CEO of the world's largest crypto exchange Binance, Changpeng Zhao, suggested that the Bitcoin rate could rise to $500,000 - $1 million in the current market cycle.
🗣️ The businessman said that the cycle boundaries are conditional, and therefore it is very difficult to name the exact time frame for Bitcoin to enter the range of $500,000 to $1 million. According to Zhao, the total capitalization of the crypto market by the end of the cycle will be approximately $5 trillion, but perhaps more. It is becoming increasingly difficult to predict the rates and dynamics of cryptocurrencies due to many different political and economic factors, the owner of Binance explained.
🗣️ The businessman said that more and more countries understand the importance of developing infrastructure related to digital assets and blockchain, and expressed hope that virtual coins will become even more popular among large companies in the near future.
