#squarecreator - Binance and CZ's vision: Bitcoin could reach between $500,000 and $1 million in this cycle.

$BTC - At a key moment for the cryptocurrency market, Changpeng Zhao (CZ), founder and former CEO of Binance, has projected an unprecedented bullish scenario: the price of Bitcoin (BTC) could climb between $500,000 and $1,000,000 dollars during the current market cycle. This statement, made after serving a brief court sentence, has reignited enthusiasm among investors and analysts in the crypto ecosystem.

Having covered the evolution of the blockchain industry for over a decade, I can assert that few figures have influenced it as much as CZ, and his statements tend to set the tone for market behavior. This time, his projections are based on a confluence of macroeconomic factors, technological innovations, and a more favorable regulatory environment.

Key drivers of the bullish prediction

1. Approval of Bitcoin ETFs in the U.S.

One of the most powerful catalysts for this prediction is the approval of the first spot Bitcoin exchange-traded funds (ETFs) by the SEC in the United States. This measure opens the door to a massive influx of institutional capital that has historically remained on the sidelines of the crypto space.

ETFs facilitate access to Bitcoin in a regulated manner, removing operational barriers and reducing the perceived risk for large investment funds. According to CZ, this institutional entry could create sustained demand that pushes the price of BTC to unprecedented levels.