12.04.2025 15:00
Former Binance CEO Changpeng Zhao (CZ) predicts that Bitcoin will reach the level of 1 million dollars over time. Appointed as an advisor to the Pakistan Crypto Council, CZ stated that the race for Bitcoin acquisition among countries is inevitable and that early-moving countries will gain an advantage.
Changpeng Zhao, one of the leading figures in the cryptocurrency world, made striking predictions about the future of Bitcoin. In an interview with Bilal bin Saqib, the CEO of the Pakistan Crypto Council (PCC), CZ stated that Bitcoin will eventually reach the level of 1 million dollars, emphasizing that the competition among countries to build Bitcoin reserves will play a significant role in this rise.
CZ: Governments Will Enter the Bitcoin Reserve Race
Changpeng Zhao, the founder and former CEO of Binance, made a bold prediction about the price of Bitcoin in an interview he gave in Pakistan. CZ stated that he believes Bitcoin will reach the level of 1 million dollars while sharing his forecasts regarding cryptocurrencies.
In the interview, CZ mentioned that this rise is more likely to occur in the long term rather than in the near future, such as 2025. Reminding that the cryptocurrency sector is still at the beginning of its development, Zhao emphasized that many people want to see good results immediately.
Another important point that Changpeng Zhao highlighted was the acquisition of Bitcoin by governments. CZ indicated that after the U.S. recognizes Bitcoin as a reserve asset, countries around the world will take similar steps. Stating that wealthy countries will be the first to purchase Bitcoin in large amounts, Zhao said these countries will take advantage of the early mover advantage.
Expressing that latecomer countries may acquire Bitcoin at a higher cost and in smaller amounts as prices rise, CZ predicted that a race to acquire cryptocurrencies among countries will begin. He also added that this situation would be positive for the cryptocurrency ecosystem.