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Binance Founder Predicts Bitcoin Could Surpass $100,000 Price Point
Former Binance CEO Changpeng Zhao predicts that Bitcoin could exceed $100,000 following its recent recovery to that level.
Key Highlights
- Bitcoin recently rebounded to $100,000 after dropping below this threshold on December 19.
- Zhao stated, "100k is boring," suggesting greater potential for Bitcoin's price.
- He expressed confidence in Bitcoin surpassing the $100,000 mark, stating that he was not surprised by its recent surge.
- Bitwise executive Matt Hougan anticipates Bitcoin could reach $200,000 by the end of 2025 due to inflows from Bitcoin ETFs boosting corporate demand.
- Zhao forecasts 2025 as a significant year for digital assets, with expectations of rising prices driven by institutional and governmental adoption.
- While Zhao did not specify a price target for Bitcoin, he previously hinted at a potential future value of $850,000 per coin.
Analysts share an optimistic view of the market, anticipating a bullish trend in cryptocurrency prices in the coming years.