What people are most concerned about now is: when will the next bull market come?
CZ: Bitcoin will surpass gold’s market cap in the next bull run.
Coinbase CEO Brian Armstrong said in August 2025 that the price of Bitcoin could reach $1 million by 2030; a year later, after prices dropped by about 30%, he lowered his forecast to $300,000–$400,000.

Binance’s former CEO Changpeng Zhao (CZ) said in October 2025 that Bitcoin will surpass gold, but he did not provide a timeline. This week, after Bitcoin rose 27% over two weeks, he said Bitcoin would surpass gold’s market cap in the next bull market, and added that the $1 million target would be reached earlier than 25 years from now.

In November 2022, when Bitcoin was nearing $16,000, CZ said it was not dead, and in 2023 he predicted a bull market would emerge in 2025; his super-cycle call for 2026 later did not materialize. Earlier this month, Armstrong said there is a strong possibility that Bitcoin could reach $100,000 before the end of this year. $SOL