Crypto Market Will ‘Absolutely’ Grow 1000x and More

[A.H.Rassel]

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

[avikz]

CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.

However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.

I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!

[Dreamace7]

People are free to air their opinions and views on the cryptocurrency market, and how high it can rise.
I personally don't think that bitcoin can rise that much.
Over the next months (and possibly years) I feel the bitcoin market would stabilize, with more adoptions and circulation, it would always be volatile and the price would always fluctuate though. But by a smaller margin.

[o_e_l_e_o]

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

[paulk11087]

For that to happen, I think the only currency in the world should be crypto money. It's possible, but it will take a really long time to get it. It will not be easy at all. I hope we can see them soon.

[Trustor]

1000x is way too optimistic. That can NEVER happen. Gone are the days when the market would hit 1000x benchmark, that is no longer the case. Now, at max, the best you can expect is your coin to do 2-3x and that too distributed over a year or so. That is it. No point getting too optimistic.

[beatzcoin123]

going by CZ 'binance' ceo analysis, i would have a varying opinion, in my own opinion, going by the crypto space activities, it is possible for  for the crypto space to increase by 1000x but not in price but in size as more and more cryptocurrencies are yet to be introduced, those already in existence are striving to gain mass adoption.

[tomahawk9]

I respect Changpeng Zhao's opinion, but let's be honest, 1000x sounds absolutely unrealistic. Even with the adoption phase going full mainstream worldwide (which could definetly shoot up the prices by a lot) where every merchant is accepting either Bitcoin or any other crypto as payment, the market wouldn't grow as much as 1000x, and there's nothing in the long-term that could trigger such massive grow to the levels Zhao mentions.

Even though it sound bullish (not surprising since it's coming from Binance's CEO), such massive grow simply sounds far-fetched in a realistic scenario.

[franky1]

i agree it can.
at the moment bitcoin is ~$6000.. lets call it 6000 loaves of bread value.

when the dollar hyper inflates so that $1m only buys 1 loaf of bread. we will measure bitcoin as $6billion each. where by it stil only buys us a loaf of bread and fee's will hopefully be around the value of a single slice of bread.

..
so we dont have to hope bitcoins value goes up (more loaves of bread per btc).. we also have the dollar hyper inflation that will raise bitcoins $ amount

[Gozie51]

I think what cz could be saying is that cryptocurrency is here to stay, make more impact in the financial system, grow and be properly recognized also as a means of payment.

It's possible, but it will take a really long time to get it. It will not be easy at all.

Surely it won't be easy or might be impossible because of its attachment with the internet which is one factor that will work against it.

For instance, computer has been long in the society but many still don't know how to operate it.

[tabas]

Possible. I'd love to see opinions like this than to hear those negative views about crypto market. Optimistic views like this are mostly ignored by the people who wants to step in and has their own agenda to do something to the market so they can take the step first and gain a wide control to it.

I think what cz could be saying is that cryptocurrency is here to stay

Yes he do.

[bekkioPEK]

1000x would be the turning point of my life, I think of the life of some everyone here on the forum. it will not happen, I would already be happy with a 50x. hold and patience, a lot of patience

[figmentofmyass]

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... (https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

i guess this is a response to vitalik buterin's recent statements. if i had to choose between the two based on market experience and expertise, i'd definitely choose CZ. given the scope of his work at okcoin and binance over the years, i think he's in a much better position to speak to the nature of markets and at measuring untapped demand. that's why he was so successful with binance's launch.

i personally think there are many more 1000x opportunities to come. i've seen the effects of hype, greed, and low circulating supply and i'd be surprised if the cycle didn't play out again.

[gentlemand]

He is just a teensy bit incentivised to keep his audience wet between the legs.

There'll be many nothings that grow 1000x. Could the market as a whole grow by that amount in current buying power from here? Not unless we suddenly develop portals to a million parallel Earths in other dimensions.

[pitiflin]

CZ's statement is absolutely a personal one. It is his personal thought that crypto market will grow thousand fold in future. This claim doesn't have a solid ground and he has spoken out of his own speculation. Anyone in this world can make such speculation.

However, if not 1000 fold, cryptos definitely have the potential to beat the previous ATH price. But the adoption rate should be increased in order to achieve that. Being a CEO of Binance, his words certainly have a value to the market, but 1000 fold looks really unrealistic.

I am just wondering when we will beat the earlier ATH barrier! Let this hapoen first, we will then think about the 1000 fold increase!

These famous people need to stop giving idiots the getaway hand. People look up to them, and read what they say, and this speculation of theirs is gonna make people believe in something that may never be true. Personal statements affect the markets. 1000 fold is a beyond ridiculous claim. Crypto has potential but if regulation kicks in full on, then crypto is fucked from all sides.

[o_e_l_e_o]

He is just a teensy bit incentivised to keep his audience wet between the legs.

Exactly. These ridiculous claims are no different than JP Morgan or Goldman Sachs claiming that bitcoin is a scam and will fall to zero within a year.

People are selfish - they say what will benefit them the most, regardless of truth.

[Binugon]

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come.
What you think about this news?... News link( https://www.ccn.com/binance-ceo-zhao-crypto-market-will-absolutely-grow-1000x-and-more ) from ccn.com

This is the hope of Zhao who is then made a statement, because the statement is not supported by accurate data, good predictions are supported by accurate data and facts, from a collection of causes that will cause that the crypto market will grow 1000, with the theory that is clearly concluded to be a statement, from this Zhao statement I did not find it all

[pooya87]

A growth of 1000 times would give a market cap of $200 trillion. The entire stock market is roughly $73 trillion. Global real estate market is around $217 trillion.

Sure, it's possible, but we are looking at a scenario where Bitcoin replaces the dollar.

market doesn't really need to grow for the market capitalization to reach $200 trillion. we only need to surpass a certain number of altcoins! currently we are close to 2000, i would guess somewhere around 7000 altcoins we can reach $200 trillion market cap since it only depends on how many coins are in circulation, so far with nearly 2000 coins we have a couple of hundred trillion in circulation and there will be a lot more of them in the future. they don't even have to worth much to push the total MC to $200 trillion.
... and that is why MC is meaningless...

[infonik]

I think he is exaggerating the facts, although I agree that cryptocurrencies can still multiply in the future, but not all coins can achieve such growth!

[rodalutor]

What he's saying isn't wrong I just don't believe it's very likely. Though it also depends on what you are measuring growth, if it is market cap then that's a stretch but adoption I think is far more feasible.