Coinbase's Armstrong vs. Binance's CZ: Should You Trust Their Bitcoin Price Calls?

In general, Brian Armstrong, CEO of Coinbase, and Changpeng Zhao (CZ), former CEO of Binance, are usually vague in their predictions. Both are long-term bullish, and their statements about the market often seem to simply follow the price action. However, on some occasions, both can be more specific, but mostly when it comes to long-term forecasts, which seem to have more entertainment value than serious analytical value, given how complex both the world and Bitcoin itself are.

Coinbase’s Permabull Cuts $1M per $BTC Forecast

For example, in August 2025, when $BTC traded above $110,000, Armstrong said that $BTC could reach $1 million by 2030. A year later, when the price is down around 30%, the CEO cut his prediction by 60-70%, saying that “over the next couple of years, say 2030, it’s very likely we’ll see a $300,000 and $400,000 bitcoin, and we’ll see how it goes.” Also, during the drawdown, Armstrong stopped referring to $BTC as the potential “next world reserve currency.”

Meanwhile, CZ, in October 2025, said that “bitcoin will flip gold,” offering no specific timeline, while this week, as bitcoin jumped 27% in two weeks, he now claims that $BTC will flip gold’s market capitalization “in the next bull run.” As for the $1 million per bitcoin, CZ also said it’ll happen much quicker than in 25 years, while previous reports this summer quoted the founder as saying that this might happen within 10 years.