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Binance Founder CZ announced the Bitcoin (BTC) bull prediction!
Binance founder and former CEO Changpeng Zhao gave an important interview with founder Farokh Sarmad on the RugRadio podcast.
Bitcoin, memecoins, and Donald Trump included, CZ made statements on many issues regarding the cryptocurrency sector and first announced the BTC price target.
Bitcoin Bull Prediction!
CZ predicted that Bitcoin will reach new ATHs and numbers in the six or seven digits during this bull cycle.
While Bitcoin is facing sharp declines and consolidation after its peak of around 108 thousand dollars, CZ made a bold Bitcoin price prediction.
At this point, CZ claimed that Bitcoin would reach new peaks between 500,000 and 1 million dollars in this bull cycle.
However, CZ did not provide a timeline for when the Bitcoin prediction will take place.
CZ's price target means that Bitcoin's current market price of $94,116 would increase by more than 950%. If this prediction comes true, BTC's market value will reach approximately $19.8 trillion, approaching gold's current value of over $22 trillion.
CZ also touched on memecoins, which are one of the hottest areas in the cryptocurrency sector. CZ stated that the workings of memecoins are still unclear and mentioned that he published a picture and the name of his dog due to high demand.
Although he said he enjoyed the experience, he added that he was not considering buying another dog or launching a memecoin in the near future.
CZ stated that it is a great opportunity for the cryptocurrency industry to have a crypto-friendly president in the US. However, he also added that he never personally communicated with Donald Trump.