The post Binance Founder CZ Predicts Bitcoin Will Surpass $922,000: Here’s How appeared on BitcoinEthereumNews.com.

Bitcoin enthusiasts have received yet another bullish price prediction from Binance co-founder Changpeng Zhao (CZ), who suggests the asset could reach an eye-watering $922,182 per coin. Zhao expressed this sentiment while speaking at the Bitcoin MENA 2024 conference in Abu Dhabi. He based his projection on Bitcoin’s potential to surpass gold’s $18.25 trillion market cap. Bitcoin Path to $922,182 CZ highlighted Bitcoin’s growing utility and scarcity as the driving forces behind its dominance. With a capped supply of 21 million coins, Bitcoin is often referred to as “digital gold.” However, CZ argues that Bitcoin’s superior transactional capabilities, ease of storage, and global accessibility make it more powerful than gold. He further argued that Bitcoin will surpass the $18.25 trillion valuation of gold in the future. If Bitcoin reaches the market cap of gold, the price per coin would rise to $922,182. For context, Bitcoin currently has a market cap of $2.041 trillion, ranking as the seventh most valuable asset globally. To reach the level of gold as the number one asset, Bitcoin’s value would need to expand by 794% from its current value of $103,188. Notably, this bold prediction by CZ aligns with similar forecasts from prominent industry figures like Anthony Scaramucci and Howard Lutnick, who believe Bitcoin will eventually surpass gold. What Does This Mean for Altcoins Like Minotaurus (MTAUR)? While Bitcoin aims to dominate the digital financial ecosystem, projects like Minotaurus (MTAUR) are revolutionizing niche markets such as blockchain gaming. The ripple effects of Bitcoin’s growth could extend to smaller projects as the blockchain ecosystem matures. Minotaurus (MTAUR) focuses on the gaming sector, a $14 billion market growing at 9% annually. Its unique maze-navigation gameplay, combined with blockchain technology, offers players an immersive experience where tokens drive in-game purchases, upgrades, and customization. How MTAUR Benefits from Bitcoin’s Trajectory:…

---

Filed under: News - @ December 17, 2024 3:25 pm