#BitcoinPrediction
Bitcoin (BTC) could reach between $500,000 and $1 million in the current market cycle, according to Binance founder Changpeng Zhao, or CZ, who shared his outlook during a recent interview that touched on both the state of crypto and his own role in the industry.With Bitcoin ETFs approved in the U.S. and more involvement from sovereign wealth funds and traditional finance, he thinks the market is in a strong position to expand further. Zhao did not give a timeline but said the infrastructure and momentum are in place for a solid price move.
The conversation also covered the general direction of the crypto space. While meme coins have captured much of the attention, CZ noted that nearly all will likely fail.
