Binance Founder CZ Doubles Down on $1M Bitcoin Target

• Binance co-founder Changpeng “CZ” Zhao predicts Bitcoin soaring to $1,001,000, urging investors to “zoom out” despite market dips.
• His Bitcoin holdings, just 1.26% of his portfolio, raise skepticism about his confidence in the digital asset’s dominance.

Binance co-founder Changpeng “CZ” Zhao has once again caught the crypto world’s attention with a bold prediction. He foresees Bitcoin skyrocketing to an eye-watering $1,001,000, marking a staggering 1,040% surge from its current price levels.

Waiting for the new headline: #Bitcoin "CRASHES" from $1,001,000 to $985,000.

Save the tweet. https://t.co/gLWGtUvYoJ

— CZ BNB (@cz_binance) February 25, 2025

This comes after his previous forecast in December 2020, when Bitcoin traded around $19,000. Back then, he accurately speculated that the digital asset could climb to $101,000 before retracing to roughly $85,000. That scenario has largely played out, with Bitcoin dropping to $85,985 recently, fueling a wave of bearish headlines.

Waiting for the new headline: #Bitcoin "CRASHES" from $101,000 to $85,000.

Save the tweet.

— CZ BNB (@cz_binance) December 17, 2020

CZ, however, isn’t fazed by the market’s turbulence. He believes that short-term fluctuations often distort the bigger picture. “Zoom out,” he urged investors, suggesting that Bitcoin’s long-term trajectory remains bullish despite temporary dips.

Crypto Market in Extreme Fear After BTC’s Drop

Bitcoin’s fall to $85,985 sent shockwaves across the crypto market. The Crypto Fear and Greed Index (FGI) plunged into “Extreme Fear,” highlighting investor anxiety. Despite Bitcoin’s impressive rally from a low of $38,000 to a peak of $108,000 in 2024, a modest 5% retracement was enough to trigger negative headlines.

CZ isn’t surprised by that reaction. He previously hinted that a drop to $85,000 would make it seem like Bitcoin was crashing—even though it would still be significantly higher than its 2020 levels. His latest prediction also comes with a warning: after reaching the $1 million milestone, Bitcoin could retrace to $985,000, prompting another round of fearful news.

His optimistic stance contrasts with the growing skepticism among some investors. Many remain wary of Bitcoin’s ability to sustain such monumental gains, especially given its history of extreme volatility.

CZ’s Portfolio Sparks Questions

While CZ is vocal about Bitcoin’s bright future, his personal crypto holdings paint a different picture. A recent screenshot he shared on X showed that just 1.26% of his portfolio is allocated to Bitcoin. Instead, a massive 98.57% is invested in Binance’s native token, BNB, with the remaining 0.18% in the EURI stablecoin and 0.03% in USDT.

Source: CZ

The revelation raised eyebrows across the crypto community. Many questioned why someone so bullish on Bitcoin held so little of it. His response? “I am a boring guy.” That remark did little to quell speculation about his confidence—or lack thereof—in Bitcoin’s long-term dominance.

I am a boring guy. https://t.co/PGCdv9VRO5

— CZ BNB (@cz_binance) February 24, 2025

Adding to the intrigue, the screenshot didn’t disclose his portfolio’s total worth. However, Forbes has previously estimated CZ’s crypto fortune to be in the billions. Whether his Bitcoin holdings are truly insignificant or merely a fraction of a much larger empire remains up for debate.

The Binance Giant and Its Challenges

CZ’s deep investment in BNB signals unwavering belief in the Binance ecosystem. His dominance in the token isn’t just about personal preference—it also aligns with his past leadership role at Binance, the world’s largest crypto exchange.

His journey, however, has been anything but smooth. In November 2023, he stepped down as Binance’s CEO after pleading guilty to U.S. federal charges related to money laundering violations. This led to a four-month prison sentence, marking a significant shift in his career.

Upon his release in September 2024, CZ transitioned into an advisory role at YZi Labs, Binance’s newly branded venture capital arm. Despite stepping back from Binance’s direct leadership, his influence in the crypto space remains undeniable.