Binance Co-Founder CZ Predicts Bitcoin Could Explode to $1M This Cycle

According to CZ, the approval and success of spot Bitcoin exchange-traded funds (ETFs) have opened the floodgates for institutional capital to enter the crypto market. Since the U.S. Securities and Exchange Commission gave the green light to several Bitcoin ETFs in early 2024, major asset managers like BlackRock, Fidelity, and Ark Invest have amassed billions in BTC-backed products.

Indeed, ETF-driven inflows have played a crucial role in pushing Bitcoin to its current price point, hovering around $97,387 as of May 7, 2025, marking a strong recovery from last year’s market volatility. Industry analysts estimate that U.S.-listed Bitcoin ETFs alone have accumulated over 900,000 BTC in under 18 months, solidifying the asset’s legitimacy among traditional investors.

CZ also emphasized a growing, less-discussed trend: nation-state accumulation of Bitcoin. While official disclosures remain scarce, on-chain data and insider reports suggest that several governments, especially in emerging markets, have started accumulating Bitcoin either as a hedge against dollar exposure or as a bet on future digital infrastructure.

“They’re smart enough to recognize that buying Bitcoin is a great move,” said CZ. “Now other countries will have to follow.”

El Salvador remains the most prominent example, with its Bitcoin treasury surpassing 5,800 BTC. But geopolitical analysts have hinted that other countries like Venezuela, Kazakhstan, and even parts of the Middle East may be quietly building reserves.

Perhaps most significantly, CZ highlighted what he views as a complete reversal in the U.S. government’s stance toward crypto under President Donald Trump’s administration. “The U.S. pivoted 180 degrees,” CZ said.

Trump, who returned to the White House in January 2025, has made crypto a strategic pillar of his second-term economic agenda. His administration has already rolled back several Biden-era SEC restrictions and is fast-tracking new legislation to promote blockchain innovation and stablecoin development. According to CZ, this change has “de-risked” the U.S. market and forced other nations to rethink their own regulatory postures.

CZ’s high-end forecast of a $1 million Bitcoin valuation, while eye-catching, is not out of step with others in the industry.

Standard Chartered’s head of digital asset research, Geoffrey Kendrick, recently predicted that Bitcoin could hit $200,000 by late 2025 and $500,000 before the end of Trump’s second term. Kendrick cites growing institutional demand, regulatory clarity, and shrinking BTC supply due to halving cycles as key drivers.

Robert Kiyosaki, famed author of Rich Dad Poor Dad, has also forecast that Bitcoin could climb to $1M by 2035, referencing research by economic analyst Jim Rickards. Rickards' upcoming book reportedly places Bitcoin's long-term target at $1 million by the end of the decade.

Despite macroeconomic uncertainties, Bitcoin has shown resilience in 2025. With inflation stabilizing and interest rate hikes pausing in most advanced economies, investors are once again allocating toward high-growth, finite-supply assets like BTC.

Bitcoin is currently trading at $97,387, with strong support around $90,000 and resistance building near the psychologically significant $100,000 mark.

While no prediction is guaranteed, the convergence of institutional adoption, geopolitical interest, and a pro-crypto U.S. administration makes this cycle unlike any before it. Whether or not Bitcoin reaches the $500K to $1M mark remains to be seen, but momentum, both economic and ideological, appears to be shifting in its favor.