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Changpeng Zhao, co-founder of the world’s largest cryptocurrency exchange Binance, made a striking prediction regarding Bitcoin (BTC) 
$85,119 prices. In an interview in Pakistan, Zhao expressed his belief that the leading cryptocurrency will eventually reach the $1 million mark. He emphasized that countries will begin competing to acquire Bitcoin, which will provide significant advantages to early-moving states.
Zhao: Bitcoin Will Achieve $1 Million Over Time
Zhao, the former CEO and co-founder of Binance, made fascinating remarks during his interview with Bilal bin Saqib, CEO of the Pakistan Cryptocurrency Council (PCC). When asked about the possibility of Bitcoin reaching $1 million, Zhao provided a definitive answer, stating that this price level will eventually be achieved, but it will take time.
Zhao argued that this goal will not be achieved within the current year; however, he maintains it is inevitable in the long run. He noted that the cryptocurrency sector is still in its infancy, with many expecting quick results, whereas true power will emerge over time. According to him, those who exercise patience will be the biggest winners in this process.
Countries Will Compete for Bitcoin
Another noteworthy comment from Zhao during the interview was about countries’ predictions regarding Bitcoin acquisition. He believes that if the U.S. accepts Bitcoin as an official reserve asset and begins a strategic stockpiling process of cryptocurrencies, other nations will soon follow suit. Zhao is convinced that this will ignite a competitive atmosphere on a global scale.
In this competition, Zhao stated that countries that act early will gain significant advantages, while those that lag behind will acquire less BTC due to rising prices. He asserted, “The wealthiest countries will buy first, purchasing large amounts of Bitcoin, and then prices will rise rapidly,” noting that developing nations might face disadvantages in this scenario.
Zhao further pointed out that Bitcoin has evolved into a strategic asset not just for individual investors but also for states. He predicts that interest in Bitcoin will continue to grow, laying the groundwork for much higher price levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
