The post Bitcoin to Hit $500,000 to $1 Million, Binance Founder CZ Predicts appeared on BitcoinEthereumNews.com.
BitcoinWorld Bitcoin to Hit $500,000 to $1 Million, Binance Founder CZ Predicts Changpeng Zhao recently made a bold prediction about Bitcoin in an interview with Rug Radio on May 5th. The former Binance CEO and founder said that Bitcoin would reach $500k to $1 million in this cycle. A bold speculation that many would consider crazy, but this isn’t CZ’s first daring prediction. In December 2020, CZ shared a tweet on X (formerly Twitter), predicting that a future headline would announce Bitcoin’s crash from $101,000 to $85,000. Four years later, Bitcoin crossed the $100k mark in December 2024. In February 2025, CZ shared a similar tweet, speculating that a future headline would announce Bitcoin’s crash from $1,001,000 to $985,000. Regarding the total crypto market capitalization, the Binance founder predicts the total value will hit $5 trillion in this market cycle, up from the current $3 trillion. CZ shared reasons why he believes in his prediction and the rapid rise of Bitcoin, as well as other subjects such as altcoins and viable future blockchain projects.  Bitcoin Spot Exchange Traded Funds (ETF) Bitcoin ETFs have played a key role in the adoption of Bitcoin by recognized institutions. The first Bitcoin Spot ETF was launched by Purpose Investment Inc. and surpassed $1 billion in assets in its first month, making it one of the fastest-rising ETFs of all time. About a year later, the SEC approved the first Spot Bitcoin ETFs in the U.S. Changpeng Zhao highlighted how ETFs have helped institutionalize Bitcoin, leading to a positive price action for BTC. He added that ETFs “bring the traditional institution money into crypto,†which wasn’t there before. This statement agrees with Alex Obchakevich, founder of Obchakevich Research, who observed that 70% of Bitcoin’s latest growth can be attributed to new institutional capital. Bitcoin…
