Cryptocurrency
Binance CEO Believes Bitcoin is Going to $1 Million, But With a Twist
As reported on NewsBTC, “In an interview with Altcoin Daily, Binance founder, and CEO, Changpeng Zhao (CZ) answered true to Bitcoin reaching a $1 million valuation one day. “However, considering that the price prediction came from a quickfire, true, or false segment at the end of the interview, it would be wise to take this valuation with skepticism. […]
As reported on NewsBTC, “In an interview with Altcoin Daily, Binance founder, and CEO, Changpeng Zhao (CZ) answered true to Bitcoin reaching a $1 million valuation one day.
“However, considering that the price prediction came from a quickfire, true, or false segment at the end of the interview, it would be wise to take this valuation with skepticism.
“Of more significant concern was CZ’s view on the long term outlook for the market leader. Contrary to his million-dollar price prediction, he believes a bigger and better alternative will replace Bitcoin at some point.
“The interview covered a wide range of topics, including cryptocurrency as a hedge against traditional finance, Bitcoin maximalism, and the role of DeFi in taking the space forward.
“But of interest was CZ’s opinion on the long term future of Bitcoin, especially when taking into account the antiquated nature of its core technology, and the limitations of updating it as a live blockchain…”