In a recent interview with Rug Radio, Binance founder Changpeng Zhao (CZ) said he believes Bitcoin (BTC) could top between $500,000 to $1 million in this cycle. Hitting $1 million from current price levels would translate to a rally of about 961%.
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Bitcoin’s Timeline to $1 Million
Binance founder CZ is not the only crypto personality to predict BTC hitting $1 million. While CZ’s timeline is rather short, others anticipate BTC hitting the seven-figure mark over a few years.
According to Ark Invest CEO Cathie Wood, BTC could hit the $1 mark by 2030. Wood cites institutional adoption, corporate treasury investments, and interest from nation-states as potential drivers for the price spike.
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Twitter (now known as X) Jack Dorsey also anticipates BTC to hit the $1 million mark by 2030. Dorsey highlighted the ecosystem’s growth and traditional finance-disrupting potential as reasons for his prediction.
Microstrategy CEO Michael Saylor is one of the most significant advocates for Bitcoin (BTC). Saylor anticipates BTC’s market cap to hit $180 trillion by 2045. Such circumstances would take BTC’s price beyond $1 million per coin.
The late John McAfee also predicted that Bitcoin (BTC) would hit $1 million if it breached the $100,000 level. BTC pushed past the $100k mark in December 2024. McAfee did not give an exact timeline for when the asset could hit $1 million. However, since BTC broke the $100,000 mark in 2024, we may be on the path to $1 million next.
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The late Hal Finney also predicted in 2009 that Bitcoin (BTC) would go beyond $1 million. Finney is also one of the suspects for being Satoshi Nakamoto. Finney said BTC would reach $10 million per coin based on its potential to capture a portion of global wealth.