The price of Bitcoin could reach unprecedented levels in the current market cycle, according to Changpeng Zhao (CZ), founder of Binance.
In an interview on May 5 with Rig Radio, Zhao expressed a bold estimate, predicting a value between $ 500,000 and $ 1,000 For Bitcoin.
This forecast is mainly based on three key factors: the Growing adoption by institutionsTHE government accumulationAnd an American policy favorable to cryptocurrencies.
Changpeng Zhao (CZ), founder of Binance, predicted Bitcoin at $ 500,000 – $ 1 million in the current cycle due to institutional adoption
Zhao, known as “CZ”, stressed how the market is witnessing a significant increase in Bitcoin FNB spot (Stock market negotiated funds), financial instruments that have the potential to attract traditional investments in the cryptography sector.
According to the CEO, these ETFs represent a “intelligent way” to bring institutional capital to the Bitcoin market, and they are “a positive factor for the price”.
THE Bitcoin FNB spot Facilitate the entry of institutional investors, such as pension funds and major financial managers, who historically preferred regulated and less volatile assets.
Zhao pointed out that “most of the money in the United States is institutional money” and therefore the expansion of Bitcoin ETF translates directly into a significant increase in demand.
This Istitutizionalizazione di Bitcoin is crucial. For CZ, it is a phenomenon “positively correlated” with price growth. Altcoin, in comparison, has come less recently. According to him:
“Our wallets develop – not so much for altcoins, but at least for Bitcoin.”
Consequently, not only individual demand, but also large -scale capital move towards bitcoin, which makes it stronger and less volatile compared to the past.
A less discussed, but no less important aspect, is the role of governments in the purchase of Bitcoin. Zhao stressed that this dynamic represents a fundamental validation For the market, strengthening the legitimacy of Bitcoin as a reserve asset.
Examples of concrete confirm this trend. El Salvador, the first country in the world to adopt bitcoin as a legal tender, continues to accumulate new amounts of BTC.
During the seven days preceding on April 27, the country bought 7 Bitcoin, equivalent to more than $ 650,000 during the period. Currently, El Salvador has around 6,170 BTC, with a value of around $ 580 million.
The impact of American policy on the future of Bitcoin
On the other hand, the Kingdom of Bhutan is also heading for a similar strategy: recent reports indicate that the country plans to create a strategic cryptocurrency reserve, including bitcoin and ether, as part of a new economic center.
These state acquisitions indicate an increasing interest in cryptocurrencies, even at the level of monetary policy, signaling a trend that could push the price of even higher bitcoin.
A critical factor quoted by Changpeng Zhao concerns the Political change in the United States.
According to the founder of Binance, the presidency of Donald Trump marked a clear change in the attitude of the United States administration towards cryptocurrencies, ultimately positioning himself in a favorable and favorable way.
Zhao said:
“”The United States has gone around 180 degrees under a Pro-Crypto president. They are intelligent enough to recognize that the purchase of Bitcoin is a winning decision, and now other countries will also have to adapt. »»
This pro-bitcoin policy could represent a decisive element for the additional propagation of cryptocurrencies worldwide.
A strong and favorable government attracts institutional investors and helps to establish a clearer regulatory framework, reducing the risks perceived by market operators.
Regarding retail investors, Zhao is clear in the analysis of their contribution and their behavior on the market. He remembers that small investors “were 15 years old to buy bitcoin”, a period sufficient to enter the market.
Consequently, Zhao firmly declares that those who now decide to invest late “have chosen to do so”, which implies that time to accumulate Bitcoin, according to him, could now be finished for retail investors.
This declaration stresses that the real increase in the rise will mainly come from major institutional operators and governments, which have long -term resources and strategies.
What to expect from the Bitcoin market in the near future
In summary, the prediction of Changpeng Zhao is based on concrete and evolving elements: Increasing institutional adoption, accumulation of Bitcoin State and a pro-Crypto federal policy in the United States.
These combined factors can feed a Significant increase in the price of bitcoin to figures between 500,000 and $ 1,000,000 in the current cycle.
It is not specified in the interview what are specific risks or schedules, but the dynamic indicated suggests a long phase of consolidation and growth.
The potential increase in the price of bitcoin so high would represent a radical change for the cryptocurrency sector and for the global economy.
Institutional investors will probably continue to consider Bitcoin as a real value store, while governments can accelerate their participation.
The deepening of regulations in the United States and in the world will determine the pace of this transformation, opening new scenarios and more structured and secure investment opportunities.
Sector operators and investors must closely follow these developments to seize emerging opportunities. Particular attention should be paid to FNB Bitcoin and political decisions, as it is instruments and contexts that can quickly influence the market.
Finally, to believe in solid and lasting growth in the price of Bitcoin, it will be essential to carefully assess political and global economic signals, maintaining an enlightened and cautious approach.
The rise in the Bitcoin price to such ambitious targets, as planned by Zhao, is not only a question of figures, but a sign of maturation in the cryptography sector as a global financial actor.
This cycle could therefore mark a turning point, with deep and lasting implications in the international economic system.
