Binance co-founder Changpeng “CZ” Zhao envisions Bitcoin’s price soaring between $500,000 and $1 million during the current market cycle, attributing this potential surge to increased institutional adoption, government accumulation, and a more favorable U.S. policy stance toward cryptocurrencies.
In a recent interview with Rug Radio, CZ highlighted the impact of Bitcoin spot exchange-traded funds (ETFs) in attracting traditional institutional capital into the crypto market. He remarked, “There’s the ETFs. There’s this institutionalization of Bitcoin… it’s a positive in terms of price action, obviously. Our bags are up — not the alt‑coins as much, but at least Bitcoin is.”
CZ also pointed out that governments are increasingly participating in Bitcoin accumulation, citing examples like El Salvador and Bhutan. He noted that such governmental involvement not only boosts price action but also serves as strong validation for Bitcoin’s legitimacy.
Discussing the political landscape, CZ observed a significant shift in U.S. policy under a pro-crypto administration, suggesting that this change could encourage other nations to follow suit. He stated, “They’re smart enough to recognize that buying Bitcoin is a great move, and now other countries will have to follow.”
Addressing retail investors, CZ emphasized that they have had ample opportunity over the past 15 years to invest in Bitcoin. He implied that any current hesitation or delay in investment is a personal choice, given the longstanding availability of the asset.
