Binance founder and former CEO Changpeng Zhao had an important interview with its founder Farokh Sarmad on the RugRadio podcast.
CZ, who has made statements on many topics regarding the cryptocurrency industry, including Bitcoin, memecoins and Donald Trump, first announced his BTC price target.
Bitcoin Bullish Prediction!
CZ predicted that Bitcoin will reach new ATHs and six- or seven-figure highs during this bull cycle. While Bitcoin is facing sharp declines and consolidation after its peak around $108,000, CZ made a bold Bitcoin price prediction. At this point, CZ claimed that Bitcoin will reach new highs somewhere between $500,000 and $1 million in this bull cycle. However, CZ did not give a timeline for when his Bitcoin prediction would come true.
CZ’s price target would see Bitcoin rally by more than 950% from its current market price of $94,116. If true, BTC’s market cap would reach around $19.8 trillion, approaching gold’s current value of over $22 trillion.
Secondly, CZ also touched on memecoins, one of the hottest areas in the cryptocurrency sector. CZ stated that it is still dark on how memecoins work and said that he published the picture and name of his dog due to popular demand. While he said he enjoyed the experience, he added that he has no plans to buy another dog or issue a memecoin in the near future.
Lastly, CZ noted how fortunate the crypto industry is to have a pro-crypto US president, but added that he has never personally communicated with Donald Trump.
*This is not investment advice.