**Binance Co-Founder Changpeng “CZ” Zhao Shares Exciting Bitcoin Predictions After Recent Market Movements**
Changpeng “CZ” Zhao, the co-founder of Binance, has made some intriguing statements regarding Bitcoin’s future price, especially after accurately forecasting the recent dip to $85,000. Following Bitcoin’s decline to $85,985 on Tuesday, users on X quickly recalled CZ’s earlier prediction from December 2020, when Bitcoin was valued at around $19,000. At that time, he suggested that Bitcoin could reach $101,000 but might also drop to approximately $85,000. He noted that such a drop could lead to negative media coverage, indicating that even though Bitcoin is trading significantly higher than in 2020, market sentiment could still be pessimistic.
Interestingly, CZ’s prediction has come to fruition, as the recent drop to $85,000 has sent the Crypto Fear and Greed Index (FGI) plummeting into the “Extreme Fear” zone. Now, CZ has shared another optimistic Bitcoin forecast. Following the realization of his five-year prediction, the former Binance CEO is now predicting a remarkable 1,030% increase from the current market price, aiming for a staggering $1,001,000 per coin.
**CZ’s Ambitious Bitcoin Target**
In light of the growing skepticism in the market, Zhao is attempting to reassure investors. His recent post emphasizes Bitcoin’s potential for significant long-term gains. However, he also anticipates a retracement to $985,000 after reaching the $1 million mark, which could again attract negative media attention. To put things into perspective, despite Bitcoin’s impressive rise of over 180% from a low of $38,000 to a peak of $108,000 in 2024, the recent 5% year-to-date pullback has led to bearish headlines. Essentially, CZ encourages investors to “zoom out” and maintain a broader perspective during uncertain times.
**Just 1.26% Bitcoin Allocation Though**
While CZ’s post radiates optimism about Bitcoin, his personal portfolio tells a different story. He recently shared a screenshot of his holdings on X, revealing that only 1.26% of his funds are allocated to Bitcoin. The screenshot indicates that CZ is heavily invested in Binance’s utility token, BNB, which makes up 98.57% of his portfolio, along with 0.18% in the EURI stablecoin and 0.03% in USDT.
**CZ’s Crypto Portfolio**
The allocation of his portfolio quickly became a topic of conversation, with the 1.26% Bitcoin stake drawing particular attention. In response to the discussions, CZ humorously described himself as a “boring guy.” While the screenshot did not disclose the total value of his portfolio, a Forbes report suggests that he is indeed a crypto billionaire. Recently, CZ also made headlines for sharing his dog’s name and picture, which sparked a wave of crypto memes across social media.
