Bitcoin (BTC) definitely reaches $1,000,000: Binance's CZ

Changpeng Zhao, co-founder and former CEO of the world's largest cryptocurrency exchange vinance, has removed the $1 million Bitcoin price forecast and joined a cohort of other crypto influencers who believe BTC can surge in its heights.

He said in a newly published interview in Pakistan that CZ has recently been appointed strategic crypto advisor to the Pakistan Cryptocourse (PCC).

CZ believes Bitcoin will reach $1 million

Speaking to Bilal bin Saqib, CEO of Pakistan Crypto Council, CZ CEO touched on many important subjects about cryptocurrency regulations, how crypto will affect the younger generation, and how it will affect the future of cryptos across Pakistan.

One question the interviewer asked was whether CZ would believe Bitcoin, one of the world's leading cryptocurrency, would reach $1,000,000. Changpeng Zhao said he believes it will happen. However, he is likely to have a long-term view on this. So, he doesn't know if that will happen in 2025, but rather expects BTC to “work that much overtime.”

He pointed out that while the crypto industry is still the first, many people still prefer that good things happen “instantly.”

Countries compete to buy bitcoin

Another important point created by Zhao is that the US, the world's largest economy, already recognizes BTC as a reserve asset, and is building not only SBR's Bitcoin, but also other crypto inventories, so governments around the world will begin buying Bitcoin at some point.

These countries, which will later begin purchasing Bitcoin, said they are quite far from those currently beginning to buy at BTC. “The wealthiest countries are going to buy Bitcoin first. They're going to buy a lot of it,” he specified. After that, Bitcoin prices skyrocket, CZ continues, and other countries need to accumulate digital gold at much higher prices. Therefore, they can make less purchases than those who have previously intervened.

“I think we'll see competition for countries that have adopted Bitcoin and major cryptocurrencies,” CZ said. “This is good for the crypto industry as a whole,” he said, adding that smaller players are still there.

At the time of writing, Bitcoin has changed hands at $83,607.