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The Defiant 2025-05-06 22:35:17

Binance Founder Predicts Bitcoin Could Reach $500K-$1M This Cycle Amid $100K Bounce and $5K Gold Target

Binance Founder Predicts Bitcoin Could Reach $500K-$1M This Cycle Amid $100K Bounce and $5K Gold Target

Changpeng Zhao, founder of Binance, has projected that Bitcoin's price could reach between $500,000 and $1 million during the current market cycle, implying a potential surge of up to 1,000% from current levels. This bullish outlook has been echoed across various crypto news sources and analysts. Meanwhile, a CNBC analyst noted that if Bitcoin crosses the $100,000 mark, it could continue to rise to $125,000, describing this level as a bounce point. Additionally, historical trends linked to gold prices suggest that if gold reaches $5,000 per ounce, Bitcoin could surge to $155,000 or higher. The current market capitalization of Bitcoin is under $2 trillion, whereas gold's market cap stands at $22.6 trillion with a target price of over $8,000 per ounce in the coming years, potentially increasing gold's market cap to over $50 trillion. These comparisons highlight the potential for significant growth in Bitcoin's valuation relative to traditional assets like gold. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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