Changpeng Zhao:

Bitcoin (BTC) can easily reach a $ 2 trillion market cap, according to Binance CEO Changpeng Zhao. If this comes true, the price of BTC will be somewhere around $ 100,000 per coin.

Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, said that Bitcoin could reach a minimum market capitalization of $ 2 trillion with no effort. At the moment, governments around the world are stepping up printing more money. If so, the price of the market-leading coin will increase dramatically, to $ 100,000 per BTC.

Will Bitcoin reach $ 2 trillion in market capitalization?

CZ points to the fact that a relatively small portion of buyers is enough to boost the coin's market capitalization to reach $ 2 trillion as mentioned earlier.

In fact, this goal seems not too far-fetched, based on the fact that the coronavirus economic bailout in the US alone has reached $ 6 trillion. This is the largest bailout package in history, equivalent to 50 Bitcoin networks.

The bailout package includes US $ 4 trillion for strengthening the Fed's lending capacity, which expands the acquisition operation up to US $ 1 billion per day until the end of March.

READ  The $ 9,000 Bitcoin price beats the stocks when volatility and fiat crash

Could Binance's boss flatter Bitcoin so much?

It can be said that Changpeng Zhao is a pretty crazy person with Bitcoin. He once said that those who sold BTC under $ 10,000 should slap themselves in the face.

He is even so extreme that he will unfollow the puzzled, fearful, and skeptical people of Bitcoin's price. Those are the people who forecast Bitcoin price at $ 5,000.

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