Bitcoin to Hit $500,000 to $1 Million, Binance Founder CZ Predicts

Changpeng Zhao recently made a bold prediction about Bitcoin in an interview with Rug Radio on May 5th. The former Binance CEO and founder said that Bitcoin would reach $500k to $1 million in this cycle. A bold speculation that many would consider crazy, but this isn’t CZ’s first daring prediction.

In December 2020, CZ shared a tweet on X (formerly Twitter), predicting that a future headline would announce Bitcoin’s crash from $101,000 to $85,000. Four years later, Bitcoin crossed the $100k mark in December 2024. In February 2025, CZ shared a similar tweet , speculating that a future headline would announce Bitcoin’s crash from $1,001,000 to $985,000.

Regarding the total crypto market capitalization, the Binance founder predicts the total value will hit $5 trillion in this market cycle, up from the current $3 trillion. CZ shared reasons why he believes in his prediction and the rapid rise of Bitcoin, as well as other subjects such as altcoins and viable future blockchain projects.

Bitcoin Spot Exchange Traded Funds (ETF)

Bitcoin ETFs have played a key role in the adoption of Bitcoin by recognized institutions. The first Bitcoin Spot ETF was launched by Purpose Investment Inc. and surpassed $1 billion in assets in its first month, making it one of the fastest-rising ETFs of all time. About a year later, the SEC approved the first Spot Bitcoin ETFs in the U.S.

Changpeng Zhao highlighted how ETFs have helped institutionalize Bitcoin, leading to a positive price action for BTC. He added that ETFs “bring the traditional institution money into crypto,” which wasn’t there before. This statement agrees with Alex Obchakevich, founder of Obchakevich Research, who observed that 70% of Bitcoin’s latest growth can be attributed to new institutional capital.

Bitcoin continues to maintain a bullish trend because most crypto ETFs are Bitcoin-based.

Governments Are Slowly Turning To Crypto

Initially, most countries hesitated to jump on the crypto bandwagon, perceiving it as a digital currency with no value. But, El Salvador became the first country in the world to adopt Bitcoin as legal tender. Even though the International Monetary Fund (IMF) cautioned against it, El Salvador continues to acquire BTC and currently holds a reserve of about 6,170 BTC worth almost $580 million.

Other countries known to have a high Bitcoin reserve include the United States (207,189), China (194,000), the United Kingdom (61,000), and Ukraine (46,351). CZ mentioned that governments’ consideration of a Bitcoin reserve is a very good validation for crypto, leading to an increase in price.

The Binance founder recently met with Kyrgyzstan’s president to foster blockchain adoption and build on the country’s digital asset policy, hinting at a potential BTC and BNB national reserve.

The United States Factor

Part of the conversation also touched on the United States being an important piece in the Bitcoin puzzle. CZ noted that the U.S. has taken a 180-degree turn under a pro-crypto president, which led to BTC crossing $100k for the first time. The approach by the U.S. will inspire other countries to follow the same direction.

Even though the crypto market is volatile right now because of trade wars and tariffs, experts still hold on to Bitcoin’s bullish trend. The crypto policies put in place will favor digital currencies in the long run, leading to a bullish cycle.

Beyond Price Predictions

Another interesting highlight of the interview was Zhao’s take on altcoins. He pointed out that 99.9% of memecoins will fail since they act as a distraction from real blockchain innovation. On the flipside, technologies he predicted to have long-term potential included decentralized science (DeSci) and artificial intelligence. AI and blockchain will merge to support DeSci innovation globally through incentives and funding.

While institutional adoption and government uptake have significantly contributed to Bitcoin’s rise, we can’t rule out the increased awareness and crypto usage in various industries. Financial institutions are slowly accepting Bitcoin for cross-border payments, and several DeFi platforms have emerged.

Retail businesses accept Bitcoin as a payment option, allowing for purchases in BTC. In gaming, play-to-earn games have proven to be more profitable to players who earn tokens or NFTs as game rewards.

Some casino sites offer crypto games that can be played using Bitcoin, while betting sites let you wager on your favorite sports teams with your desired crypto. Using Bitcoin for online betting has become popular, and crypto enthusiasts no longer need to exchange their digital currencies for fiat money to place bets.

Slowly, Bitcoin has become mainstream, and this adoption in various industries has contributed to the currency’s increased traction among users.

On A Personal Note

Changpeng Zhao is now a billionaire worth over $60 billion, and he described his new role as mentoring and coaching new founders in the blockchain space. In the interview, he touched on his 4 months in prison, reflecting on the experience and said how it reshaped his priorities, and he now puts much focus on his health and family. CZ mentioned that prison isn’t an experience he would wish on anyone.