CZ on New BTC High: A “Small Fraction” of Future Price
2025-07-14 09:22:33
Main Idea
Binance co-founder Changpeng Zhao (CZ) predicts Bitcoin's current all-time high is just a fraction of its future price, citing historical growth and institutional adoption driven by spot Bitcoin ETFs.
Key Points
1. CZ compares Bitcoin's current all-time high of $122,156 to its $1,000 milestone in 2017, suggesting future prices will dwarf today's levels.
2. Bitcoin has gained over 215% since the SEC approved spot Bitcoin ETFs in 2024, fueling its bull run.
3. Institutional adoption, particularly through spot Bitcoin ETFs, has significantly impacted Bitcoin's price surge.
4. Bitcoin reached a new all-time high of $122,604 amid increased ETF inflows and market optimism.
5. Analysts expect Bitcoin's adoption to continue growing, further driving its price upward.
Description
Bitcoin’s current price will be worth only a fraction in the future. Spot Bitcoin ETFs boosted institutional adoption and the demand for Bitcoin. Bitcoin has gained over 215% since the SEC’s spot ETF approvals in 2024. Binance co-founder Changpeng Zhao (CZ) expects Bitcoin’s price to rise much higher than its current price. According to Zhao, Bitcoin’s current all-time high could be worth a fraction of the cryptocurrency in the future, just like what was an all-time high a few years ago has beco...
Latest News
- Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid”2025-07-14 17:37:43
- Mercurity Fintech Allocates $500M to DeFi Basket with Focus on Solana2025-07-14 17:21:12
- New Nasdaq-Listed Company, Hyperliquid Strategies, to Hold $583M in HYPE Tokens2025-07-14 17:03:41
- Bitcoin Hits New $123K All-Time High as ETFs Buy 20x More BTC Than Is Mined Daily2025-07-14 16:00:00
- Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet2025-07-14 15:30:21