Loading article…
Binance founder Changpeng "CZ" Zhao forecasts Bitcoin will hit $1 million and surpass gold's market cap, as BTC jumps 12% in seven days to $80,520.
Binance founder Changpeng "CZ" Zhao stated that Bitcoin will reach $1 million per coin "much quicker" than 25 years and will eventually exceed gold's market value, speaking at Bitcoin Asia in Hong Kong [1]. This projection comes as Bitcoin's price has risen nearly 12% over the past seven days, touching $81,160 before settling at $80,520 [1].
| At a glance | |
|---|---|
| Current Price | $80,520 [1] |
| 7-Day Change | +12% [1] |
| Recent High | $81,160 [1] |
| Catalyst | US Treasury liquidity-support buyback operations [1] |
CZ asserted that Bitcoin's market capitalization, currently $1.6 trillion, will surpass gold's $32.2 trillion value, positioning it as a "much better asset" [1]. He also warned that countries failing to adopt Bitcoin risk falling behind, drawing a parallel to the importance of investing in artificial intelligence (AI) technology [1]. "Bitcoin is much more dangerous if you don’t use it: you’re missing out," CZ said, noting that national adoption would take time but is inevitable [1].
Bitcoin's recent price surge coincided with news that the U.S. Treasury plans to at least double its liquidity-support buyback operations [1]. This announcement reportedly weakened the dollar, benefiting non-yielding assets such as Bitcoin and gold [1].
While Bitcoin's price has seen a significant increase, its market cap remains substantially lower than gold's [1]. CZ's comments at Bitcoin Asia underscore a bullish sentiment from a prominent figure in the crypto industry, emphasizing both the potential for rapid price appreciation and the strategic importance of Bitcoin for nation-states [1]. The conference in Hong Kong brought together key industry players to discuss topics ranging from treasury management to application development [1].
The long-term trajectory of Bitcoin's market capitalization relative to gold will be a key indicator of whether CZ's ambitious predictions materialize, as will the pace of broader institutional and national adoption.
Coverage is mostly measured — 6 of 6 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 30, 2026 · How we report
Binance does not appear on the European Securities and Markets Authority register of authorized crypto-asset service providers as of late August 2026. While the exchange maintains it is committed to obtaining authorization, it currently lacks the necessary MiCA-compliant approval to operate across the European Economic Area.
Changpeng Zhao stated at the Bitcoin Asia conference that he believes Bitcoin will reach a price of $1 million per coin in less than 25 years. He further predicted that Bitcoin will eventually surpass the market value of gold.
Independent testing conducted in mid-August 2026 revealed that Binance allowed new users from multiple European countries to register, verify their identities, and deposit cryptocurrency. This occurred after the July 1, 2026, deadline for crypto-asset service providers to obtain MiCA authorization.