Summary
- Changpeng Zhao, co-founder of Binance, predicted that Bitcoin could reach $500,000 to $1 million in this bull market.
- He foresaw that the total market capitalization of virtual assets would reach $5 trillion.
- He also warned that meme coins are a bubble and most will fail.
There is a claim that Bitcoin (BTC) could reach up to $1 million during this bull market.
According to The Block on the 6th (local time), Changpeng Zhao, co-founder of Binance, stated in a podcast that "Bitcoin could reach $500,000 to $1 million in this bull market" and predicted that the total market capitalization of virtual assets (cryptocurrency) would also reach $5 trillion.
He continued, "Meme coins are a bubble in the virtual asset market. 99.99% will fail," and noted that artificial intelligence (AI) and decentralized science (DeSci) are fields with long-term potential.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
