Changpeng Zhao (CZ), former CEO of Binance, said this week that bitcoin will surpass gold's market capitalization during the next bull market and that the $1 million price target will be reached sooner than 25 years. His remarks followed a 27% rise in bitcoin over two weeks. In October 2025, CZ had said bitcoin would beat gold but did not provide a timeline. Coinbase CEO Brian Armstrong in August 2025 projected bitcoin could hit $1 million by 2030. A year later, after bitcoin dropped about 30%, he lowered the forecast to $300,000–$400,000. Armstrong also said this month there is a good chance bitcoin reaches $100,000 by the end of the year. CZ's past calls include saying in November 2022, with bitcoin near $16,000, that it was not dead, and predicting in 2023 that a bull market would arrive in 2025. His 2026 supercycle call was not realized. The news was reported by Bitcoin.com News.
Changpeng Zhao (CZ), the former CEO of Binance, said this week that bitcoin will overtake gold's market capitalization in the next bull market. He also said the $1 million target will be reached sooner than 25 years. The remarks came after bitcoin rose 27% over two weeks.
Armstrong's shifting outlook
Coinbase CEO Brian Armstrong said in August 2025 that bitcoin could reach $1 million by 2030. A year later, after the price fell roughly 30%, he cut that forecast to between $300,000 and $400,000. Armstrong added this month that bitcoin has a good chance of hitting $100,000 by the end of the year.
CZ's record of calls
In October 2025, CZ said bitcoin would surpass gold, but he gave no timeline. This week, after the rally, he tied that milestone to the next bull run. Looking further back, CZ said in November 2022, when bitcoin was near $16,000, that it was not dead. In 2023 he predicted a bull market in 2025. His 2026 supercycle call did not materialize.
This article is based on a report from Bitcoin.com News.
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