In a bold statement, CZ (the former CEO of Binance) said that the price of bitcoin could grow from $500,000 to $1 million in this bull cycle.
But the question is: Is this realistic? Or just excessive optimism?
What supports this expectation?
Bitcoin has become digital gold: Major institutions and investment funds have started to rely on it as a safe haven.
Supply decreases and demand increases: Every 4 years a 'halving' occurs that reduces the number of new bitcoins, increasing scarcity.
Increasing global adoption: Companies, banks, and even countries have started entering the cryptocurrency market.
But do we believe it?
Some see this goal as achievable in the long term, especially with global inflation.
Others consider it exaggerated in the current cycle, especially if no major economic events push investors strongly towards crypto.
In summary:
The price may rise, but reaching a million dollars requires many factors to align. In the crypto world, anything is possible, but decisions should be based on analysis, not just predictions.