Binance CEO: Long-term BTC price forecast $100,000 – $1,000,000

When the CEO of the Binance crypto exchange, Changpeng Zhao (CZ), was asked to give his price prediction forbitcoin, he made an ultra-bullish bet that in the long run, bitcoin can skyrocket to $ 100,000, $ 1,000,000 and even more.

At the same time, CZ found it difficult to guess in whichyear this can happen. He is very optimistic about the future of the crypto industry, but because of the volatility he does not like to make short-term forecasts.

At the same time, CZ emphasized that he does not give any financial advice and simply shares his opinion, although he is fully confident in the growth in the long term.

The head of Binance believes that with the current price of Bitcoin(BTC) can grow 100 or 1000 times. Thus, assuming that in the near future the price will reach $ 10,000, in a few years BTC may set a record high of $ 100,000 or $ 1,000,000, or even higher.

The head of the largest cryptocurrency exchange mentioned a factor,which, he thinks, will affect cryptocurrency by the end of the year. This is a quantitative easing by the US Federal Reserve and other countries. It is assumed that by the end of the year this will lead to higher prices for everything, including food.

Meanwhile, on May 11, there was a reduction in bitcoin emissions, as a result of which 50% less BTC is now entering the market. This event increases the scarcity of the asset and, as a consequence, its value.

We remind you that the Binance exchange has launched a contest with the distribution of prizes for user registration.

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