Changpeng Zhao, co-founder of the world's largest cryptocurrency exchange Binance, made a bold prediction about Bitcoin prices. In an interview, he stated that the first cryptocurrency will eventually reach $1 million.
Zhao's Bitcoin Price Prediction
In an interview with Bilal bin Saqib, CEO of the Pakistan Cryptocurrency Council, Zhao confirmed his belief that Bitcoin will eventually achieve a price of $1 million. He added that this process will take time and will not happen this year.
Countries Competing for Bitcoin
Zhao noted that if the U.S. embraces Bitcoin as an official reserve asset, it will trigger competitive actions from other countries. "The wealthiest countries will buy first, purchasing large amounts of Bitcoin, and then prices will rise rapidly," he stated.
Long-term Cryptocurrency Prospects
Zhao emphasizes that interest in Bitcoin will continue to grow, transforming it into a strategic asset for states. He noted that those who exercise patience will become the biggest winners.
Changpeng Zhao's prediction invites interest and discussions among experts. He suggests that the value of Bitcoin will rise significantly, and countries will need to engage more actively in acquiring it.
