Changpeng Zhao (CZ) Confident in Bitcoin’s $1M Surge—Even as the Crypto Market Crashes!
Jakarta, Pintu News – Bitcoin dropped below the crucial $90,000 support level in the crypto market’s latest fall, sparking concern among investors.
However, Binance CEO, Changpeng Zhao (CZ), attempted to calm the market by giving an optimistic outlook. CZ even predicted that Bitcoin will recover and eventually reach $1 million.
In contrast, Bitcoin critic Peter Schiff foresees a prolonged downward trend. According to him, this latest drop is just the beginning of a larger correction.
With traders and investors still cautious, let’s explore what this bearish dip means for BTC’s movement going forward.
Read also: Bitcoin Price Dropped 5% Today (27/2/25): What’s Driving the Decline in BTC?
Changpeng Zhao Stays Bullish on Bitcoin’s Path to $1 Million!
In response to the latest turmoil in the crypto market, Binance founder Changpeng Zhao wrote on X, “No need to panic, Bitcoin will not die.”
CZ’s words provided encouragement to the community, sparking optimism amidst market uncertainty.
Zhao’s bullish confidence was further reinforced with a bold prediction about the future of Bitcoin. In a post on X, CZ predicted that BTC would rally all the way to $1,000,000 after breaking through the crucial $100,000 level.
In a joking tone, he wrote, “Waiting for new headlines: Bitcoin ‘JUMPS’ from $1,001,000 to $985,000.”
Changpeng Zhao’s Forecast: What Happens After Bitcoin Breaks $100K?
Changpeng Zhao’s (CZ) latest prediction of Bitcoin reaching $1 million comes after he accurately predicted BTC’s rise to $100,000.
On December 17, 2020, CZ wrote on X, asking her followers to save the post for future reference.
In his post, he wrote, “Waiting for new headlines: Bitcoin ‘JUMPS’ from $101,000 to $85,000.”
Read also: Bitcoin Price Potentially Falls to $70,000, This is a Shocking Warning from Arthur Hayes!
With his keen vision, CZ predicted Bitcoin’s rally to $100,000 when the price of the crypto was still hovering around $20,000. This bold prediction proved to be highly accurate, with BTC eventually reaching the $100K milestone in just three years.
Given CZ’s impressive track record, his latest projection that Bitcoin could reach $1 million is certainly worth paying attention to.
Recently, CZ also highlighted the $1.4 billion Bybit hack and emphasized the importance of security. According to him, stopping withdrawals after a hack is a crucial step to ensure user safety.
BTC Price Poised for a Big Rally
Corroborating Changpeng Zhao’s bullish predictions, market experts provided technical analysis highlighting Bitcoin’s potential future rally.
For example, Altcoin Scholar analysts identified that BTC is approaching a major uptrend line as well as a significant horizontal support level. This point, which is around $85,000, is considered a crucial area for Bitcoin’s upward momentum.
Meanwhile, another well-known crypto analyst at X, Ufo Calls, remains optimistic despite BTC briefly dropping below the $90,000 level.
According to him, Bitcoin is currently experiencing a temporary correction before recovering and continuing its upward trend.
Peter Schiff Challenges CZ’s Bullish View
Contrary to Changpeng Zhao’s optimistic predictions, Peter Schiff-a vocal critic of Bitcoin-said, “Turn off the lights, the $100K Bitcoin party is over.”
He highlighted that Bitcoin’s switch to a bear market happened calmly, not in a panic as many expected.
Read also: SEC Weighs Grayscale’s Bold Move: Staking in Ethereum ETFs on the Horizon?
According to Schiff, this subdued market reaction could be an early indication of a more severe “crypto winter”.
He emphasized that Bitcoin’s drop below $90,000 is just the beginning of a longer bearish trend. “The Bitcoin bear market is not over, it’s just beginning,” he said.
As of February 26, 2025, Bitcoin is trading at $87,578, down 1.91% in a day. Over the past week, BTC saw a significant decline of 9.07%, while in the past month, the price fell 13.58%.
Despite remaining the dominant asset in the crypto market, BTC’s trading volume slumped 24.11% to $58.99 billion.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Binance Founder Changpeng Zhao Hints at BTC Rally to $1M Despite Recent Crash. Accessed on February 27, 2025
- The News Crypto. Binance Founder CZ Tweets Futuristic Bitcoin Prediction. Accessed on February 27, 2025
