Binance's CZ Issues Important Alert: TON's Golden Visa News Unveiled as Unauthentic
In a recent interview, Changpeng Zhao (CZ), the co-founder and former CEO of Binance, reaffirmed his prediction that Bitcoin will reach $1 million per coin, although he emphasized that this will happen "over time" rather than immediately or within the current year[1][3]. CZ's outlook is based on the ongoing maturation of the crypto industry, which he describes as still in its very early stages, requiring patience and time to develop fully[1].
The $1 million target is tied to several factors, including increasing institutional support and adoption, particularly via the approval of Bitcoin ETFs and corporate treasury holdings. Additionally, CZ believes that governments will accumulate Bitcoin, with early adopters benefiting from lower prices than later entrants[2][3]. A shifting regulatory landscape in key markets like the USA, which is increasingly favorable to Bitcoin, also plays a role in CZ's forecast[2][3].
Regarding the term "this cycle," CZ engages with the ambiguity by asking for a clear definition but suggests the $1 million target aligns with the current bull market cycle or "supercycle" reaching its peak[1][4].
Beyond his price prediction, CZ stresses the importance of DYOR — Do Your Own Research. While he is confident in Bitcoin’s long-term potential, he encourages investors to independently assess risks and opportunities rather than rely solely on his forecasts. This attitude is consistent with his approach of caution and patience given the crypto market's nascency and volatility[1].
It is important to note that the financial and market information provided in this article is intended for informational purposes only and U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Recently, Elon Musk hinted at a potential new political party that would embrace Bitcoin, which may have caused a brief increase in Bitcoin's price to close to $110,000 today[5]. However, it is essential to approach such news with caution, as it does not guarantee an immediate impact on Bitcoin's price.
In addition, the Khaleej Times refuted a report about a partnership between the UAE regulator and the TON blockchain for the integration of TON cryptocurrency into its Golden Visa program[6]. CZ also issued a warning about fake news in the crypto space, specifically regarding the TON Golden Visa UAE project[7].
Stunning details of 80,000 BTC transfers were revealed by Ledger CTO[8]. The specifics of these transfers and their implications for the crypto market are yet to be fully understood.
In summary:
| Aspect | CZ’s stance | |------------------------------|------------------------------------| | $1 million Bitcoin forecast | Confident it will happen over time, likely within this market cycle but not immediately | | Timeframe | No exact year, patience required | | Basis of prediction | Institutional flows, government accumulation, regulatory shifts | | Emphasis on DYOR | Important—investors should perform their own due diligence |
This reflects a balanced long-term optimism combined with prudent advice to conduct thorough personal research before making investment decisions[1][3].
- CZ's $1 million Bitcoin forecast aligns with the ongoing bull market cycle or "supercycle" reaching its peak, according to his interpretation of the term "this cycle."
- The co-founder of Binance, CZ, emphasizes the importance of Do Your Own Research (DYOR) for investors, encouraging them to independently assess risks and opportunities instead of relying solely on his forecasts.
- CZ's long-term Bitcoin price prediction is based on several factors, such as increasing institutional support, government accumulation, and favorable regulatory shifts in key markets like the USA.
- The maturation of the crypto industry, as highlighted by CZ, requires patience and time to develop fully, which is still in its very early stages according to his outlook.
