Changpeng Zhao: “Bitcoin (BTC) Predicted to Reach $1,000,000!”

Jakarta, Pintu News—Changpeng Zhao, co-founder and former CEO of Binance, the world’s largest crypto exchange, recently predicted that Bitcoin (BTC) will reach $1,000,000.

In an interview conducted in Pakistan, where he was recently appointed as a strategic advisor to the Pakistan Crypto Council (PCC), Zhao expressed his belief. He says he can’t say exactly when that price will be reached, but he is confident that it will happen over time.

Zhao emphasized that the crypto industry is still in its early stages, and many people expect big changes to happen instantly. However, he argues that major changes in the price of Bitcoin (BTC) will take time and patience.

Check out the full analysis below!

Regulation and the Impact of Crypto on the Young Generation

In the interview, Zhao also discussed crypto regulation and its effect on the younger generation. He highlighted the importance of rules that support innovation while also protecting investors. Zhao believes that with the right regulatory framework, more young people will be interested in participating in the crypto industry.

In addition, Zhao also emphasized that crypto has the potential to provide new economic opportunities for the younger generation. With blockchain technology, many opportunities for innovation can help address some of the economic issues the younger generation faces today.

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Countries will compete to buy Bitcoin (BTC)

One of the key points discussed by Zhao was how countries around the world will start buying Bitcoin (BTC) as a reserve asset. According to him, countries with the largest economies, like the United States, have already started recognizing Bitcoin (BTC) as a reserve asset and even building crypto reserves.

Zhao predicts that countries will race to secure as much Bitcoin (BTC) as possible before its price increases significantly.

Countries that are late in buying Bitcoin (BTC) will find themselves at a disadvantage as they will have to buy at a higher price. This will leave them with a smaller amount of Bitcoin (BTC) compared to early-adopting countries.

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Future Prospects of Bitcoin (BTC) and the Crypto Industry

Zhao is optimistic about the future of Bitcoin (BTC) and the crypto industry as a whole. He believes that wider adoption of Bitcoin (BTC) by countries and increased supportive regulations will drive the industry’s growth.

Zhao also added that while smaller players may be left behind, the crypto industry as a whole will benefit from this wider adoption.

With Bitcoin (BTC) currently trading at $83,607, many are waiting to see if Zhao’s prediction will come true. However, one thing for sure is that Bitcoin’s (BTC) journey is still long and full of potential.

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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

• U.Today. Bitcoin (BTC) Will Definitely Hit $1,000,000: Binance’s CZ. Accessed on April 14, 2025
• Featured Image: Generated by Ai