Binance Founder CZ Says Bitcoin Will Hit $1 Million 'Much Sooner' Than 25 Years

Binance founder Changpeng Zhao (CZ) said Bitcoin will reach $1 million (approximately 1.4 billion won) far sooner than expected. He also acknowledged that he underestimated the growth potential of the real-world asset tokenization (RWA) market, admitting he missed several major trends in the digital asset space.

Speaking on the Nakamoto Stage at a conference held at the Hong Kong Convention and Exhibition Centre, Zhao said, "Bitcoin reaching $1 million is a good thing, and it will definitely happen. I don't think it needs to take 25 years. It will come much sooner."

His remarks were made at the same event last week and were confirmed in a video released by Bitcoin Magazine, which is owned by conference organizer BTC Inc.

Zhao expressed strong conviction when comparing Bitcoin to gold. "I'm confident Bitcoin will become more important than gold. It will take time, but it will definitely happen," he said, noting that gold's market capitalization is roughly 10 times that of Bitcoin. He predicted that central bank reserve allocations around the world will eventually tilt toward digital assets, with Bitcoin accounting for more than 50% of strategic virtual asset holdings alongside Ethereum (ETH) and BNB.