Bitcoin founder can reach $ 500,000 – $ 1 million this session
The Binance Founder, Changpeng “CZ” Zhao, expects that the price of Bitcoin will reach $ 500,000 to a million dollars during this market cycle.
During an interview with Radio Basta Published On May 5, Zhao said that Bitcoin is expected to reach one million dollars during this market tournament. He also highlighted the role of the boxes circulating on the Stock Exchange (ETFS) in this rise, saying that increasing the institutions for Bitcoin is a good thing for the market:
“There are in circulating investment funds. This is an additional Bitcoin [ … ] It is positive in terms of work, clearly. Our bags rise – not the same alternative cookies, but at least Bitcoin. “
Zhao explained that the circulating investment funds are “bringing the funds of the traditional institution to encryption” and “most of the money in the United States is institutional money.” He said, “Bitcoin is rising because most of the circulating investment funds depend on bitcoin.”
I told the founder of Obchakevich Research Alex Obchakevich Cointelegraph that “70 % [of Bitcoin’s growth] It is the new institutional capital, and the rest is just a redistribution of encryption assets. “The role of investment funds circulated in paying bitcoin price up to the top:
“ETFS, especially the Bitcoin Investment Funds, is a major motor for the upward trend, but with small volatile corrections.”
Related to: The co -founder of Binance Cz Bitcoin, BNB for Kyrgyzstan Reserves
Governments in that as well
Zhao also highlighted that governments are increasingly buying Bitcoin as well, which is “really good to make a price.” He added:
“It is also very good to check very good.”
The notes follow multiple countries that accumulate Bitcoin. In late April, El Salvador, the first country in the world to adopt Bitcoin as a legal tender, I continued to get bitcoin Despite the comments of the International Monetary Fund, which claims the opposite. In the seven days before April 27, the country acquired 7 BTC with a value of more than $ 650,000 at the time.
Bitcoin office in the country Data He explains that El Salvador currently holds approximately 6,170 BTC, at a value of approximately $ 580 million. The Kingdom of Bhutan also accumulates Bitcoin. January reports indicate that a new economic center in the country Plan to create a strategic encryption reserve It includes main encryption assets, including bitcoin and ancient (Eth).
Related to: “To get freedom of money, you must have freedom of expression” – CZ
Convert in US policy
The former Binance CEO also indicated that the United States “has achieved 180 degrees under the President of Carboto”, since President Donald Trump was elected. He said:
“They are smart enough to admit that buying bitcoin is a great step, and now other countries will have to follow.”
Speaking of retailers, he said they have 15 years to buy. “Thus,” if they are late now, this was their choice. “
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2025-05/0196a57b-5c72-76a7-bd05-bbb1ee5cb899
