CZ Says Bitcoin Price to $1 Million by 2033 Is ‘Totally Possible’

Changpeng Zhao believes Bitcoin could reach $1 million by 2033 if adoption continues expanding over the coming market cycles. In an interview with Block, the ex-CEO of Binance stated that the worldwide possession of Bitcoin is very low. 

He estimated fewer than one percent of people currently hold Bitcoin. That gives a lot of room to be demanded in future because more investors will be venturing into the market.

Low Ownership Could Fuel Long-Term Growth

Zhao said that the price of Bitcoin may reach approximately $600,000 in the event of the next big cycle and provide a fivefold price boost. He added that another cycle would only need to double that value to reach $1 million. 

According to such a development, Zhao referred to the milestone as being entirely possible. He pointed out that the long-term appreciation of Bitcoin might be fuelled by wider adoption and not short-term speculation. 

Zhao also observed that the ownership is low resulting in high growth opportunities as institutional participation and retail participation raise. 

🔥CZ: BITCOIN $BTC TO $1 MILLION BY 2033 IS “TOTALLY POSSIBLE”

CZ told The Block that Bitcoin holders in terms of wealth are “probably less than 1%,” meaning “the demand for Bitcoin can be significant.”

He said if the next cycle goes 5x, Bitcoin could reach $600K, then the 2023… pic.twitter.com/TW9BOsIDmT

— Coin Bureau (@coinbureau) July 1, 2026

Although he admitted that he was unsure of precise dates, he remained optimistic about the future of Bitcoin. 

His remarks contribute to the current debates on the long-term value of Bitcoin. A number of players in the market are still projecting prices high as more people are using and digital assets are becoming more accepted globally.

Bitcoin Spot ETFs Record $222 Million Daily Outflows

The Bitcoin spot ETFs experienced a net outflow of 222.64 million on June 30, indicating reduced institutional demand. The IBIT led withdrawals saw BlackRock pulling out with 212.45 million out of the fund in the session. 

Cumulative net inflows were also high at $ 51.15 billion despite the outflows. The total net assets in U.S. 

Bitcoin spot ETFs were 70.95 billion, and daily trading value was 2.53 billion. These numbers indicate investor apprehension even though there is still long-term capital buildup in the ETF market.

Bitcoin Price Prediction: BTC Holds Key Support as Bulls Target a Break Above $60K

As of the writing, the BTC price trades around $59,742, slipping roughly 0.66% over the past four hours while continuing to consolidate inside a well-defined trading range. 

The most current four-hour chart indicates that Bitcoin is trading between strong support at around $58,200 and resistance at around $62,000.

The Bitcoin price has spent several sessions moving sideways after a sharp decline. The defense of the area of $58,200 is repeated, which implies that buyers are still active even when the area is sold off in the recent past. 

The Moving Average Convergence Divergence (MACD) indicator is showing improvement. The MACD histogram has turned slightly positive, while the MACD line is attempting to cross above the signal line. 

The Chaikin Money Flow (CMF) is currently at 0.18, which stays well above the zero line. Technically, Bitcoin is stuck in a range of consolidation. 

A strong action which is above $60,000 will make buyers make an effort to break the next resistance of $62,000 as per the full Bitcoin forecast report. 

On the negative side, there is still the immediate support at around $58,200 that has seen several recent reversals. 

The loss of this stage would probably result in another selling spurt of Bitcoin. The next target would be close to $57,000, then the next target will be close to $55,500 in case bearish momentum gains momentum.