{"id":46646,"date":"2026-08-29T09:25:10","date_gmt":"2026-08-29T09:25:10","guid":{"rendered":"https:\/\/financialrush.com\/?p=46646"},"modified":"2026-08-29T09:25:10","modified_gmt":"2026-08-29T09:25:10","slug":"changpeng-zhao-believes-bitcoin-at-1m-is-coming-much-quicker-than-25-years","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=46646","title":{"rendered":"Changpeng Zhao Believes Bitcoin at $1M Is Coming \u2018Much Quicker\u2019 Than 25 Years"},"content":{"rendered":"

\n<\/p>\n

Changpeng “CZ” Zhao made headlines earlier this week after stating Bitcoin (BTC) will reach $1 million, and that the climb will not take 25 years.<\/p>\n

“I think for Bitcoin to hit $1,000,000 would be a good thing. And it’ll happen,” the former Binance CEO said on the conference’s Nakamoto Stage, in a video clip posted by Bitcoin Magazine, which is owned by conference organizer BTC Inc.<\/p>\n

\n

“I don’t think we need 25 years. I think it’s gonna happen much quicker.”<\/p>\n<\/blockquote>\n

Bitcoin Overtaking Gold?<\/h2>\n

Zhao spoke during “The Bitcoin Century,” a session moderated by When Shift Happens host Kevin Follonier on the opening day of the two-day event at the Hong Kong Convention and Exhibition Center.<\/p>\n

\n

“For sure, I think Bitcoin will become more important than gold. It will take some time, but it will happen.”<\/p>\n<\/blockquote>\n

He put gold’s market capitalization at about ten times Bitcoin’s and said sovereign reserve allocations will eventually tilt toward digital assets, with Bitcoin making up more than 50% of strategic crypto holdings alongside Ethereum (ETH) and BNB.<\/p>\n

\n

CZ SAYS: “I THINK #BITCOIN<\/a> WILL TAKE OVER GOLD PRETTY SOON”\"\u203c\"<\/p>\n

“For sure, I think Bitcoin will become more important than gold.” \"\u26a1\"<\/p>\n

“It will take some time, but it will happen.” \"\ud83d\udc40\"<\/p>\n

THE BULL RUN IS BACK! \"\ud83d\udca5\"\"\ud83d\ude80\" pic.twitter.com\/lqsZUnF0Fv<\/a><\/p>\n

\u2014 The Bitcoin Conference (@TheBitcoinConf) August 27, 2026<\/a><\/p>\n<\/blockquote>\n

Rally Runs Into an $83,000 Test<\/h2>\n

Bitcoin closed below $65,000 on August 18 and $79,000 on August 28, per Coin Metrics data, still well below its October 2025 peak of over $126,000. But CryptoQuant said in an August 25 report that Bitcoin may be entering<\/a> a new bull-market phase, with its Bull Score index climbing to 80 from 30, and put confirmation at a daily close above the 365-day moving average near $83,000.<\/p>\n

South China Morning Post reported that the remarks drew applause and cheers from a large crowd, against what it described as a lingering crypto slump with capital and talent moving toward artificial intelligence.<\/p>\n

Zhao also called the UAE’s crypto rules “the most progressive” and said Hong Kong was “moving pretty quickly.” He claimed “a tiny bit of advocacy” in the UAE’s recognition<\/a> of Bitcoin as a store of value.<\/p>\n

Zhao pleaded guilty to a US anti-money-laundering charge in 2023, served a four-month sentence in 2024, and received a presidential pardon from Donald Trump in October 2025. He returned to the US in February for a Mar-a-Lago crypto event hosted<\/a> by Trump-family-backed World Liberty Financial.<\/p>\n

The post Changpeng Zhao Believes Bitcoin at $1M Is Coming ‘Much Quicker’ Than 25 Years<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n