Binance founder and former CEO Changpeng Zhao (CZ) has reignited market optimism with a bold prediction: Bitcoin could surge to between $500,000 and $1 million in this bull cycle, while the total cryptocurrency market cap may hit $5 trillion by year-end.
In a recent episode of the Farokh Radio podcast, CZ shared his bullish outlook without specifying a precise timeline. This isn't his first seven-figure Bitcoin forecast—earlier this year, he hinted on social media that headlines might soon read, "Bitcoin crashes from $1,001,000 to $985,000," suggesting the milestone could be nearer than many expect.
Back in 2020, CZ accurately predicted Bitcoin would surpass $100,000, joking about a pullback to $85,000 after the breakthrough. That prophecy materialized when Bitcoin first crossed six figures in December 2024.
Current Market Snapshot
- Bitcoin price: ~$96,800 (as of writing), still below its all-time high of $108,786 set in January 2024.
- Total crypto market cap: ~$3 trillion.
Memecoins vs. Real Innovation: CZ’s Take
CZ criticized the current memecoin frenzy, stating that 99.99% of these speculative tokens will fail, diverting attention from meaningful advancements. He highlighted two transformative sectors:
- AI-Blockchain Integration: Anticipating deeper synergy between AI and decentralized networks.
- Decentralized Science (DeSci): Crypto’s role in funding global scientific innovation.
👉 Explore how AI is reshaping crypto
U.S. Policy Shift: A Game-Changer
CZ praised the U.S. government’s pro-crypto pivot under President Trump, calling the regulatory reversal "a 180-degree change from 100 days ago."
The Rise of DEXs
While bullish on decentralized exchanges (DEXs) eventually outpacing centralized ones (CEXs), CZ views them as complementary gateways to blockchain. He’s actively mentoring decentralized projects but won’t return to lead Binance, focusing instead on coaching new founders.
Life After Prison: Health and Family First
Reflecting on his four-month incarceration, CZ admitted it reshaped his priorities—health and family now top his list. Though challenging, the experience reinforced his commitment to guiding the next generation of crypto entrepreneurs.
FAQ Section
Q: How likely is Bitcoin to hit $1 million this cycle?
A: CZ’s prediction hinges on sustained institutional adoption and macroeconomic trends, but timing remains speculative.
Q: Are memecoins completely worthless?
A: Not all—but most lack utility. CZ advises focusing on projects with tangible technological or social impact.
Q: What’s next for CZ?
A: Mentorship and advocacy, steering clear of operational roles while supporting decentralized innovation.