Bitcoin Could Explode to $1M, Says Binance Co-Founder

• Bitcoin enthusiasts are feeling hopeful about the BTC’s future under Donald Trump’s leadership, with analysts seeing $100,000 as a target. 
• Binance founder Changpeng Zhao has even suggested that Bitcoin could surprise everyone and climb as high as $500,000 to $1 million during this bull cycle.

As President Donald Trump continues positioning the United States as a global leader in crypto innovation, the world’s largest digital asset, Bitcoin (BTC), could be on its way to hitting six-figure prices. With Trump back in office as the 47th President, the crypto market seems to be catching political tailwinds.

CZ Makes Predictions on RugRadio

In a recent episode of the RugRadio podcast hosted by Farokh Sarmad, Changpeng Zhao (CZ), co-founder and former CEO of Binance, made some headline-worthy predictions about the future of crypto. During a Myriad Markets prediction session, CZ didn’t hold back. When asked what the total crypto market cap could hit by the end of the year, he boldly declared, “$5 trillion.” As for Bitcoin’s potential in this bull cycle? CZ placed it somewhere between $500,000 and $1 million, no hesitation, no disclaimers, just pure crypto confidence.

CZ isn’t new to making wild predictions, often with a touch of humor. Back in February, as the market stumbled, he posted a comment on X: “Waiting for the new headline: #Bitcoin ‘CRASHES’ from $1,001,000 to $985,000.” This echoed an earlier post from 2020 where he joked about Bitcoin “crashing” from $101,000 to $85,000, a prediction that turned eerily accurate when Bitcoin did hit $101,000, and even soared to $109,000 on January 20, coinciding with Donald Trump’s return to the presidency.

At the moment, Bitcoin is trading at $94,135, about 13.7% below its peak. Despite a modest 0.31% dip in the past 24 hours, the crypto’s underlying market activity suggests anything but weakness. According to data from Coinglass, Derivatives trading volume has jumped 8.86% to $67.54 billion, while options volume surged 18.17% to $1.86 billion. Although open interest dropped slightly by 1.60%, overall activity indicates that traders are gearing up for the next major move.

Beyond predictions, CZ is taking the global stage once again. He announced that he’ll be speaking at the Governance of Emerging Technologies Summit in Abu Dhabi, in a session titled “Web3, Regulation and the New Digital Economy: A Blueprint for Responsible Innovation.” Scheduled for May 6 at 9:55 AM GST, CZ will be representing both Binance and his educational initiative, Giggle Academy, emphasizing his ongoing commitment to shaping the future of responsible innovation in the digital space. 

Following Changpeng Zhao’s appointment as a Web3 and cryptocurrency advisor to the Kyrgyz Republic on April 5, Binance has taken another step in strengthening its presence in the region. The crypto exchange recently signed a Memorandum of Understanding (MoU) with Kyrgyzstan’s National Investment Agency, aiming to support the development of a more robust digital asset ecosystem in the country.

As reported by CNF, this partnership will allow Binance to launch its Binance Pay service in Kyrgyzstan and promote blockchain education through its learning platform, Binance Academy.