Binance Founder Predicts Bitcoin to Reach $500,000-$1 Million

Binance founder Changpeng Zhao, known as CZ, has made a significant prediction about the future price of Bitcoin. During a recent interview, CZ suggested that Bitcoin could reach between $500,000 and $1 million in the current market cycle. He attributed this potential growth to several factors, including growing institutional interest, changes in regulations, and wider acceptance of cryptocurrencies.

CZ highlighted the approval of Bitcoin ETFs in the U.S. and increased involvement from sovereign wealth funds and traditional finance as indicators of a strong market position. He believes that the infrastructure and momentum are in place for a substantial price move, although he did not provide a specific timeline for this prediction.

The conversation also delved into the broader direction of the crypto space. CZ noted that while meme coins have garnered much attention, nearly all of them are likely to fail. He sees long-term value in areas such as artificial intelligence, decentralized science (DeSci), and real-world asset tokenization, which he believes are underappreciated but gaining traction.

CZ, who is no longer the CEO of Binance, described his current role as one of support rather than leadership. He remains a key shareholder and is focused on mentoring founders, investing in decentralized technologies, and building educational platforms. He acknowledged that centralized exchanges are still a major entry point for many users but emphasized that the future of trading is likely to shift towards decentralized infrastructure.

Reflecting on his four-month prison sentence, CZ described the experience as difficult but clarifying. It made him focus more on health, family, and long-term impact rather than on running the business or being in the public eye. This shift in perspective has influenced his outlook on the future of Bitcoin and the broader cryptocurrency market.