Changpeng Zhao (CZ) – co-founder of the Binance exchange – recently responded to a post on X recalling the Bitcoin forecast of reaching 1 million USD that he made during his visit to Pakistan earlier this year. It seems that CZ still completely believes in that prospect.
But the question is: When will this happen?
CZ reaffirmed the $1 million forecast, but...
In today's latest post, CZ commented under a tweet mentioning his remark that Bitcoin will reach 1,000,000 USD/BTC in this cycle. CZ responded with a rather interesting question – 'Which cycle is this?' – along with a 'smiling with squinting eyes' emoji.
The author of the article, the account UmairNauman_, is likely referring to CZ's statement in mid-April 2025 in Pakistan. At that time, CZ participated in an interview with Mr. Bilal bin Saqib, the head of the newly established Cryptocurrency Council in the country.
In the conversation, CZ shared that he expects Bitcoin to soar to between 500,000 USD and 1,000,000 USD. The main reason, according to him, is that in the future, governments will start accumulating Bitcoin. Countries that act early will have a significant advantage because they can buy in at much cheaper prices compared to latecomers.
However, CZ did not clearly define how long 'this cycle' will last. He also candidly shared that Bitcoin is unlikely to reach 1 million USD this year, and that this prospect will come over time. CZ believes that the cryptocurrency industry is still in a very early stage, and that good things always need time and patience to take shape.
Satoshi-era Bitcoin wallets unexpectedly awaken
In another development, the blockchain analysis account Whale Alert reported that three 'Satoshi-era' Bitcoin wallets have unexpectedly become active again after more than 14.2 years of inactivity. One of them just awakened, while the other two resumed activity about 8 hours ago. Each wallet contains 10,000 BTC, currently worth over 1.1 billion USD. Back in 2011, the total amount of BTC was only worth about 7,792 USD and 34,023 USD.
After awakening, the first two wallets transferred their entire amount of BTC to an anonymous wallet. The prolonged 'hibernation' of over a decade could be due to the wallet owners losing their private keys and only just recovering them, or simply because they patiently waited for an ideal price to sell.
Although it is still not possible to know the exact timeline, with CZ's confident statements and signs from the on-chain market, the crypto community continues to nurture the hope that Bitcoin will soon establish a new peak in the next growth cycle.
https://tapchibitcoin.io/cz-du-bao-bitcoin-dat-1-000-000-usd.html
