Binance founder, Changpeng Zhao predicts Bitcoin could reach 500 thousand to 1 million USD in this cycle

The founder and former CEO of Binance, Zhao Changpeng (CZ), predicts that Bitcoin could rise to between 500 thousand and 1 million USD in this cycle, with the total cryptocurrency market capitalization expected to reach 5 trillion USD by the end of this year. He pointed out that the current price of Bitcoin is around 93,900 USD, with a record high of 108,786 USD. Zhao also discussed future trends in the cryptocurrency space, suggesting that most meme coins will fail, while the combination of artificial intelligence and blockchain, as well as decentralized science (DeSci), has long-term potential. He appreciates the current cryptocurrency-friendly stance of the U.S. government and expects decentralized exchanges (DEX) to eventually surpass centralized exchanges (CEX). $BTC $BNB