US EditionBinance founder CZ says Bitcoin could hit $500K–$1M this cycle
- Binance CEO Changpeng "CZ" Zhao expressed optimism on May 5, predicting that Bitcoin's price could surge to somewhere between half a million and one million dollars within the current market cycle.
- CZ based his projection on growing institutional adoption driven by Bitcoin spot ETFs and increased government purchases of Bitcoin.
- He highlighted that El Salvador and Bhutan, among others, are acquiring Bitcoin, with El Salvador holding nearly 6,170 BTC valued at about $580 million as of late April 2025.
- Alex Obchakevich estimated that 70% of Bitcoin's recent growth results from fresh institutional capital, while CZ emphasized ETFs are bringing traditional money into crypto markets.
- These developments suggest increased institutional and governmental involvement could support Bitcoin's price surge, though uncertainty and market volatility remain present factors.
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12 Articles
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