Binance’s CZ Makes Bold Bitcoin to $1M Claim After Accurately Predicting Crash to $85,000

Binance co-founder Changpeng “CZ” Zhao has made a bold claim about Bitcoin price after accurately predicting the recent crash to $85,000.

Following Bitcoin’s slump to $85,985 on Tuesday, X users were quick to recall a previouc prediction from Binance co-founder Changpeng Zhao (CZ), which proved to be accurate.

Particularly, CZ predicted in December 2020, when Bitcoin was trading at around $19,000, that the asset could attain $101,000 and possibly capitulate to around $85,000. However, he suggested the drop to $85,000 could trigger bearish headlines, showing how despite BTC trading at a much higher price than in 2020, sentiments would be down. 

Interestingly, this forecast has materialized, with the drop to $85,000 yesterday triggering a crash in the Crypto FGI to Extreme Fear.

Now, CZ has dropped another bullish Bitcoin prediction. Following the fruition of the 5-year prediction, the former Binance CEO predicted an ambitious 1,030% surge from the current market price to $1,001,000 per coin.

Waiting for the new headline: #Bitcoin "CRASHES" from $1,001,000 to $985,000.

Save the tweet. https://t.co/gLWGtUvYoJ

— CZ 🔶 BNB (@cz_binance) February 25, 2025

CZ’s Ambitious Bitcoin Target

Zhao sought to calm the storms amid the growing market skepticism. His post highlights the potential of Bitcoin to post staggering gains in the long term.

However, the Binance co-founder predicted a retracement to $985,000 after the surge to $1 million and an accompanying pessimistic media headline.

For perspective, despite Bitcoin’s dazzling over 180% surge from as low as $38,000 to the high of $108,000 in 2024, the recent 5% year-to-date retracement has made bearish headlines. Essentially, CZ urges investors to “zoom out” when in doubt. 

Just 1.26% Bitcoin Allocation Though

While CZ’s post oozed bullishness on Bitcoin, his portfolio suggests otherwise. The industry leader shared a screenshot of his portfolio on X, showing that he allocated just 1.26% of his funds to the pioneering cryptocurrency.

The shared screenshot on X reveals that the Binance co-founder is fully in on his exchange’s utility token, BNB. CZ’s portfolio comprises 98.57% of the coin, 0.18% of the EURI stablecoin, and 0.03% of USDT.

Meanwhile, his portfolio’s allocation quickly became the subject of discussion, with the 1.126% Bitcoin stash a point of emphasis. However, CZ has responded, noting he is a “boring guy.”

Notably, the screenshot did not reveal the portfolio’s worth; however, a Forbes report suggests he is a crypto billionaire. CZ recently made headlines for releasing his dog’s name and picture, sparking a crypto meme frenzy.