Zhao Changpeng: Bitcoin may climb to $500000 to $1 million in this cycle

According to Foresight News, Zhao Changpeng stated in an interview with Farokh Radio that the price of Bitcoin may climb to between $500000 and $1 million during this cycle, and the total market value of cryptocurrencies may reach $5 trillion by the end of this year. In addition to price targets, Zhao Changpeng also shared a broader perspective on the cryptocurrency field during the interview. He pointed out that meme coin is the root of the current foam, 99.99% of which will fail, and will distract people from real innovation. He emphasized that artificial intelligence (AI) and decentralized science (DeSci) are two fields with real long-term potential. Regarding the future of trading infrastructure, Zhao Changpeng reiterated that he believes decentralized exchanges will ultimately be larger in scale than centralized exchanges. But he opposes viewing centralized exchanges (CEX) and decentralized exchanges (DEX) as opposites, stating that they are just different gates to the same blockchain world. Although centralized platforms provide a simpler way to get started, he said that in the long run, decentralized exchanges will have an advantage and pointed out that he is actively supporting multiple decentralized projects.