In a bold statement that’s electrifying the crypto community, former Binance CEO Changpeng Zhao (CZ) has predicted that Bitcoin $BTC could skyrocket to a price range between $500,000 and $1 million during the current cycle. He also projected that the total crypto market cap may reach a staggering $5 trillion.

CZ Speaks: Bitcoin $BTC

to $1M?

During a recent interview on Farokh Radio, CZ outlined his high-conviction belief in the future trajectory of digital assets. According to him, the current bull cycle has the potential to not only break previous all-time highs but also reshape market expectations entirely.

This isn't CZ’s first time making such a forecast. Earlier this year, in a tongue-in-cheek post on X, he mentioned Bitcoin $BTC “correcting” from $1,001,000 down to $985,000, teasing a future where seven-digit BTC becomes a reality. Notably, his 2020 prediction of BTC # hitting $100,000 materialized in December 2024, lending weight to his current outlook.

At the time of writing, Bitcoin is trading around $97,000, down 0.84% in the last 24 hours. The overall crypto market cap is estimated at $3 trillion, showing strong momentum toward CZ’s $5T target.

Market Overview

Volatility remains high across the board, with standout performances from ETH and SOL, while ADA and DOGE face notable corrections.

Beyond Price: The Future of Blockchain Innovation

While bullish on Bitcoin, CZ also took a broader view of the crypto ecosystem. He warned about the memecoin mania, stating bluntly that “99.99% of memecoins will eventually fail,” potentially leading to significant financial harm for retail investors.

Instead, CZ urged the community to focus on foundational technologies like Artificial Intelligence (AI) and Decentralized Science (DeSci).

> “AI will merge with blockchain,” CZ said, noting the convergence of two of the decade’s most transformative technologies. He also pointed out that crypto can democratize access to scientific research funding through DeSci, which could reshape how global science is conducted.

Final Thoughts

CZ’s forecast isn’t just a price prediction—it’s a vision for what crypto could become. Whether or not BTC reaches $1 million, the roadmap he laid out suggests that this bull cycle may redefine the very foundations of the digital economy.

As always, investors should do their own research (DYOR) and tread wisely in the fast-evolving world of crypto.