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Binance founder CZ says Bitcoin could hit $500K–$1M this cycle

Coin Telegraph LogoCoin Telegraph17h ago

Binance founder CZ says Bitcoin could hit $500K–$1M this cycle - Coin Telegraph

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Source; YouTubeRelated: Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reservesGovernments are in on it, tooZhao also highlighted that governments are increasingly buying Bitcoin as well, which “is really good for the price action.” He added:“It’s also very good validation.“The remarks follow multiple countries accumulating Bitcoin.

Our bags are up  —  not the alt‑coins as much, but at least Bitcoin is.”Zhao explained that the ETFs are “bringing the traditional institution money into crypto” and “most of the money in the US is institutional money.” He said that “Bitcoin is going up because most of the ETFs are Bitcoin-based.”Changpeng Zhao at Rug Radio.

He also highlighted the role of Bitcoin spot exchange-traded funds (ETFs) in this rise, saying that the increasing institutionalization of Bitcoin is a good thing for the market:“There’s the ETFs.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 13:40:18 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28439997

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 32 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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