Reported 1 day ago
Changpeng 'CZ' Zhao, the former CEO of Binance, predicts that Bitcoin may hit $1 million, even as it recently plunged below $87,000 amid significant market turmoil. This downturn resulted in a loss of over $300 billion in the crypto market, with other cryptocurrencies like Ethereum and Solana experiencing sharp declines as well. While prediction markets have lowered Bitcoin's expected price for 2025 to $124,000, CZ remains optimistic, emphasizing that reaching $1 million would require massive investments and alignment of key economic factors.
Source: YAHOO