Changpeng Zhao, former Chief Executive Chief Executive Binance, has Proposal The price of bitcoin can rise to a million dollars in the long run.

In fact, it is believed that some governments will actually enjoy the coalition to purchase the coded currency at the price level.

Bitcoin performance is likely to depend on the amount of money that other countries want to print for bitcoin.

The bold prediction of CZ comes after Ales Michl, the Czech National Bank Governor (CNB), proposed to allocate up to 5 % of the bank's assets to buy bitcoin.

The proposal, if approved by the CNB Board of Directors, can be the moment of gatherings for the leading cryptocurrency, which has long been shown as a substitute for gold.

Zhao seems to believe that there can be a potential race to adopt bitcoin between governments in the near future, as delaying buyers may be exorbitant.

The American government can put such a trend in movement by creating Bitcoin reserves. Polymarks currently sees a 55 % chance of the reserve that was launched this year.

CEO of Galaxy Mike Novoghatz Propagate The high price of the leading cryptocurrency to up to $ 500,000 this year if it ends in the United States because it is expected to follow its example.

Michael Sailor, CEO of Microstrategy, urged the United States government to replace its vast gold holders with Bitcoin.

Christian Lindner, one of the prominent German politicians, has previously seen Bitcoin added to the country's national reserves as well as the European Central Bank reserves.