Binance CEO Announces: Bitcoin Can Easily See 100.000
Changpeng Zhao (CZ), the CEO of Binance, one of the most popular crypto exchanges, states that Bitcoin can easily and “modestly” increase its market value to $ 2 trillion during this period when almost all the governments of the world have issued money. If the situation mentioned by Zhao comes true, Bitcoin’s price can also see 100,000 dollars.
As we get used to talk about Trillions, a modest $2 trillion market cap of #bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?
As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.
— CZ Binance 🔶🔶🔶 (@cz_binance) March 25, 2020
Trillions Can Be a Routine
CZ says in a statement on Twitter that only a relatively small portion of buyers can increase the market value of the leading cryptocurrency to the value of $ 2 trillion mentioned above.
Indeed, given that only the coronavirus aid package in the US will reach $ 6 trillion, this goal does not seem too much or utopian. According to Jameson Lopp, America’s aid package, Casa CTO, it is equivalent to 50 Bitcoin networks and is the largest financial bomb in history.
However, the package also includes a new $ 4 trillion target to increase the lending power of the U.S. Federal Reserve, which has recently expanded its repo operations to $ 1 billion by the end of March.
Bitcoin Bull CZ
CZ is constantly being criticized for bitcoin price estimates, which are sometimes extremely wrong. CZ’s latest tweet about Bitcoin appears to be a remarkable prediction for an asset that is likely to remain below $ 10,000 for much longer on the verge of a 50 percent price collapse.
However, the fact that CZ has always been anticipating an increase in Bitcoin price also explains why it ignored the bear market rhetoric. For example, in a statement made in December 2019, CZ underlined that Bitcoin has an “unlimited growth potential” against mathematical currencies when considered mathematically and considering a limited number of suppliers.