What Will Bitcoin’s Price Be After Large-Scale Adoption of the Cryptocurrency: Former Binance CEO Opinions

The analysts of the Bitwise investment fund also shared their forecast for the future of the crypto industry the day before. According to their version, next year at the peak of the bull run Bitcoin will reach the level of 200 thousand dollars, while the maximums for ETH and SOL will be the lines of 7 thousand and 750 dollars, respectively.

What is especially important is that such levels will be much higher if the US government decides to create a national reserve of BTC. In this case, 200 thousand will turn into 500 thousand, experts believe.

Bitcoin Forecast by Changpeng Zhao

During the talks, the former Binance boss shared several bullish predictions for the future of the industry. According to Zhao, Bitcoin will eventually become “just money” – that’s how high the adoption of the world’s leading cryptocurrency will be.

Changpeng predicted that over the years, the number of real-world use cases for BTC will grow to unprecedented levels. Here is a corresponding remark on this matter, which is given by Decrypt .

We shouldn’t call it Bitcoin, it’s just money.

According to Zhao, the adoption of BTC on a national scale will increase the value of the cryptocurrency “mathematically.” At the same time, the topic of crypto at the national level has become more relevant after the election campaign of the elected US President Donald Trump and his victory in the race.

However, earlier he promised to create a “strategic Bitcoin reserve” on the scale of the entire state. If the program is implemented at a minimum, the US government should stop selling cryptocurrencies previously confiscated from criminals. Well, the most ambitious level of creating reserves involves buying a million BTC and storing them without moving them for at least twenty years.

Overall, Zhao likes Trump’s idea, as he commented on it.

It is very smart that the US is doing this, and this strategy will also attract other countries in the world. If the US does this, then other countries will be forced to resort to adopting crypto.

According to Zhao, Hong Kong could become another influential “crypto hub.” After all, China uses it as a “sandbox” to test new strategies for working with crypto. However, all this will happen behind the scenes, since the government’s ban on mining and most transactions with digital assets is still in effect.

The former Binance executive estimates that between 5 and 10 percent of consumers are currently invested in BTC, meaning it is quickly becoming “the most widely held asset in the world.” Changpeng continues.

We haven’t yet crossed the key barrier, which is usually 20 percent or so. In a few years, the industry will reach a broader adoption of cryptocurrency and reach 50-70 percent of the population.

In the distant future, Bitcoin will be used by almost the entire population of the planet. However, several generations may be needed to realize this forecast, that is, we are talking about decades for such a scenario.

Changpeng Zhao also predicted that BTC’s capitalization “should be much larger than gold’s.” The precious metal is currently worth $17.9 trillion. Reaching that level would mean a price of $850,000 for one bitcoin .

However, the idea of ​​adopting Bitcoin is still not to the liking of many people – Microsoft shareholders were among them the day before. In a recent vote, they reached a consensus that it is too early for the tech giant to directly invest in BTC.

The vote took place during the annual shareholders’ conference. Earlier, even MicroStrategy executive chairman Michael Saylor tried to influence Microsoft CEO Satya Nadella.

Unfortunately, their meeting ultimately failed to produce any visible results. At the same time, Saylor’s company continues to acquire bitcoins at an accelerated pace. This week, the corresponding figure reached 423,650 coins, in which $25.5 billion was invested.

Overall, Microsoft shareholders’ caution is understandable, as even now Bitcoin remains a new asset for corporate players. They may also have been scared off by the relatively high volatility of BTC and the coin’s potential impact on the company’s financial stability. However, overall, the first cryptocurrency is becoming an increasingly desirable asset for investors, and such a decision may prove irrelevant in the near future.

Until that happens, other companies are actively buying up crypto. For example, this week MARA Holdings announced the purchase of 11,774 BTC for $1.1 billion. As a result, their total accumulation reached 40,435 bitcoins, which are currently valued at $3.98 billion.

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