Changpeng Zhao Predicts $1 Million Price for Bitcoin in Latest Bull Market Forecast

Under Zhao’s forecast, Bitcoin becoming fully institutionalized will unlock the gate for price expansion. “Somewhere in that band, US$500,000 and US$1 million, that’s my target band for this cycle,” he emphasized about structural forces carrying the market onward.

Zhao pointed to three significant factors behind this institutional shift: the rise of US spot Bitcoin exchange-traded funds (ETFs), a new wave of sovereign accumulation, and a drastic policy shift in Washington. The launch of US spot ETFs has brought institutional capital into Bitcoin, turning it from a speculative asset to a strategic treasury allocation. “Bitcoin is going up, and we’re just getting started,” Zhao declared.