Binance founder CZ projects Bitcoin might reach high between $500K-$1 million
In an interview on Tuesday, Changpeng Zhao, a co-founder of Binance, made a prediction on the price of Bitcoin: it may hit $1 million.
CZ lists US states' stockpiling of BTC and institutional use of crypto ETFs as present drivers of development.
Up 3.3% for the day, Bitcoin price pressures against the $97,000 barrier mark at press time.
Based on increasing ETF demand and US state-level crypto accumulation patterns, Binance founder CZ projects Bitcoin price might hit $1 million.
CZ claims institutional demand may drive BTC to $1 million.
Changpeng Zhao, a co-founder of Binance, projected in an interview on Rug Radio YouTube channel on Tuesday that Bitcoin price may go to $1,000,000. The audacious forecast reflects rising institutional need. CZ highlighted especially to US-listed Bitcoin ETFs as early indicators of Wall Street's complete involvement into digital assets.
Right now, crypto finds an odd place. Crazy optimistic attitude is evident; Bitcoin might reach a million USD in the next few years, not hyperbole. Look at the patterns: institutional acceptance, ETFs, nations like El Salvador keeping it in reserve.
That's a trigger if the US acts in line with Trump's hints about a strategic Bitcoin reserve. When one considers the supply limit and demand, half a million to a million seems reasonable. Zhao remarked.
Zhao contends that the arrival of wealth managers like BlackRock and Fidelity marks simply the start of more general institutional acceptance of Bitcoin.
Bitcoin pricing remained close to $97,000 at press time, up 3.3% over the last 24 hours. Zhao referred to this as a "mere prelude" to longer-term value, particularly in light of ETF-driven demand rising among late Q1 2025's geopolitical concerns.
US states building Bitcoin increase public sector credibility.
Zhao also underlined a fresh but significant trend: US state governments include Bitcoin on their financial sheets.
He called public sector accumulation a fundamental change in perspective that transforms Bitcoin from speculative to strategic.
Though it references national strategy, the quotation fits recent changes in Wisconsin and Florida when state-level funds revealed BTC and ETF holdings.
Zhao views such actions as early indicators of financial department normalisation. He hinted that, should a strategic US Bitcoin reserve be established, BTC's demand may be much increased.
Although CZ did not specifically address certain state acts, the continuous legislative evaluation of BTC reserved measures in states like as Florida, Arizona, and New Hampshire points to more confirmation of the positive attitude on Bitcoin demand.
What then is possible for Bitcoin to reach $1 million?
Apart from ETF absorption and governmental acceptance, CZ's optimistic BTC price prediction underlined supply shortage even more.
"People wonder, 'CZ, is a million-dollar Bitcoin realistic?" And I say, indeed, that is feasible. Not tomorrow, not next month but in a few years. Of course. Considered: The fixed quantity of Bitcoin—21 million coins—right? BlackRock, Fidelity, all these major firms investing in now. Even only 1%, if world money begins to pour into it, you are talking significant price swings. While a million's not out of the question, $500,000 is most likely a safer option in the midterm," CZ said.
On-chain data backs up this scenario. Coinglass announced Tuesday over $734 million in BTC short liquidations at $95,600. Longs currently own $2.14 billion in optimistic bets and rule derivatives markets. Beyond that, Santiment data also indicates that in the last 48 hours Bitcoin Age Consumed is moving down 90%.
The Age Consumed indicator follows activity of long-term holders during significant market occurrences by multiplying the total quantity of BTC exchanged by days spent unmoved.
Reflecting 90% less long-held BTC exchanged now, the chart above indicates BTC Age consumed has dropped from 49.2 million as on Monday to reach 4.3 million on Wednesday.
Investor confidence has risen in the previous 48 hours after optimistic forecasts from leading industry players like CZ and China suggesting establishing trade negotiations with the US.
Looking forward, geopolitical unrest in Europe, the Middle East, and South Asia has caused notable fiat mistrust recently. Zhao believes that markets currently underprice this momentum and that the non-sovereign store of value that Bitcoin represents will become more important.
Bitcoin has great support and trades at $97,012 at press time. A breach over $98,200 might set off a sprint to $100,000 before Q3.
