Former Binance CEO Changpeng Zhao has made a bold prediction regarding the significant rise in Bitcoin's value. The expert believes that the cryptocurrency could reach a price of $1 million in the long term.
Changpeng Zhao's Predictions
Changpeng Zhao has expressed his belief that Bitcoin's price could soar to $1 million. According to him, governments might even find it profitable to purchase the cryptocurrency at such a level.
Government's Role in Bitcoin Adoption
Recently, Ales Michl, the governor of the Czech National Bank, proposed allocating up to 5% of the bank's assets to Bitcoin purchases. This could mark a significant shift in governmental reserves towards Bitcoin.
Experts' Opinions on Bitcoin's Future
Galaxy CEO Mike Novogratz predicts that Bitcoin could shoot up to $500,000 this year if the US government establishes a Bitcoin reserve. Michael Saylor, the CEO of MicroStrategy, also advocates for replacing gold reserves with Bitcoin.
Bitcoin continues to be at the forefront of financial experts and leading specialists. Despite ongoing debates, many believe that transitioning to Bitcoin is inevitable for many global economies.
