CMC News

#CZ Predicts $BTC to Reach $1M This Cycle Driven by #ETFs and Government Adoption

#Binance co-founder Changpeng "CZ" Zhao forecasts $BTC to hit between $500,000 and $1 million during this market cycle.

In a May 5 Rug Radio interview, CZ emphasized ETFs as "bringing the traditional institution money into crypto" as a key price driver.

Research indicates 70% of $BTC's recent growth comes from new institutional capital according to Obchakevich Research.

#CZ highlighted that governments are increasingly accumulating $BTC, calling it "very good validation" for the asset class.

He noted the US has "pivoted 180 degrees under a pro-crypto president" since #Trump's election, suggesting other countries will follow.