Binance founder Changpeng Zhao made a striking prediction for Bitcoin price. According to Zhao, Bitcoin can reach $500,000 to $1 million in the ongoing bull cycle. The forecast comes as Bitcoin broke its all-time price of over $100,000 and reached a new high at $109,300 on January 20, 2025. Zhao’s forecast indicates future development in the cryptocurrency market.
Key Price Milestones
Zhao made his projections based on an interview between RugRadio developer Farokh Sarmad and a podcast. He again made the argument that because Bitcoin is the cryptocurrency pioneer, it will experience phenomenal growth.
If Bitcoin reaches $1 million, it would be a phenomenal 959% above where it stands at $94,144. Not only does this phenomenal projection illustrate the optimism that Zhao has in Bitcoin, it is also true to overall tendencies in the realm of cryptocurrencies.
Historically, Bitcoin also had its price action giants. Since its January all-time high, the asset has been in consolidation mode. Optimism of a positive nature comes, however, from Zhao that investor appetite may force the price to blow through the roof once again. He indicated the global crypto market to be nearing $5 trillion during the year, thereby also forecasting a favourable future for investors and traders alike.
Market Cap and Future
When Bitcoin hits a price of $1 million, its market cap will be approximately $19.8 trillion, which will be equal to the existing gold value, over $22 trillion. This is not just a forecast of Bitcoin’s future growth but also of its growing popularity as a mass asset class. Zhao’s forecast is supported by other market analysts who believe that the price of Bitcoin continues to grow as institutional investment and adoption continue to grow.
Zhao has also made such a prediction in the past. In February 2025, when the market was low, he predicted that Bitcoin would somehow reach $1 million before it stabilized at around $985,000. Though he did not put a time frame on the prediction until his recent radio show guest appearance, his string of predictions informs us a great deal about a firm belief in the long-term worth of Bitcoin.
The destiny of Bitcoin is directed by a variety of drivers that stretch from regulatory reforms, technological advancements, to macroeconomic realities. They all taint the attitude in the world of cryptocurrency and are worth understanding.
With investors pouring into Bitcoin and shattering levels of importance, the coming months may be a record-breaking time. Investors and analysts will wait to see if Zhao’s prophecy is true, perhaps re-writing the rules of digital currencies.
