The founder of Binance, CZ, projects that Bitcoin could reach between $500K and $1 million





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May 7

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The founder of Binance, CZ, projects that Bitcoin could reach between $500K and $1 million.

In an interview on Tuesday, Changpeng Zhao, co-founder of Binance, made a prediction about the price of Bitcoin: it could reach $1 million.

CZ lists the accumulation of BTC by U.S. states and institutional use of cryptocurrency ETFs as current drivers of development.



With a 3.3% increase on the day, the price pressure of Bitcoin against the barrier mark of $97,000 at the time of publication.

Based on the growing demand for ETFs and the patterns of cryptocurrency accumulation at the state level in the U.S., the founder of Binance, CZ, projects that the price of Bitcoin could reach $1 million.