Bitcoin has swung wildly in recent weeks as a gold price boom goes bust and analysts warn of an “imminent dollar and financial crisis.”
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
The bitcoin price has dropped back from its all-time high of around $126,000 per bitcoin, with traders warning of a looming 2026 shock.
Now, as the Federal Reserve quietly revealed a coming $6.6 trillion flip, the founder of the world’s largest crypto exchange Binance has predicted the bitcoin price will eventually soar beyond gold.
Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run
Binance chief executive Changpeng “CZ” Zhao has issued a bullish bitcoin price prediction.
Getty Images
“Prediction: Bitcoin will flip gold,” Changpeng “CZ” Zhao, who remains Binance’s largest share holder after being forced out as chief executive by a Biden-era Justice Department settlement, posted to X. “I don’t know exactly when. Might take some time, but it will happen.”
The bitcoin price has soared over 62% over the last 12 months, climbing as U.S. president Donald Trump made bitcoin and crypto regulation a priority for his administration and his family enthusiastically adopted bitcoin and crypto in response to claims they’d been “de-banked” by the financial industry.
Gold has also rocketed higher, with traders piling into the traditional “safe haven” amid fears of U.S. dollar “debasement.”
The gold market capitalization as hit $28.7 trillion this year, up 50% on this time last year. Bitcoin, for comparison, has a market capitalization of just $2.1 trillion.
This week, gold fell back from its all-time highs, with the bitcoin price climbing.
“[The] sharp gold selloff coincided with a strong intra-day bounce in bitcoin,” Standard Chartered’s global head of digital assets research Geoffrey Kendrick wrote in an emailed note.
“This was presumably a sell gold, buy bitcoin flow. Medium term I expect more of this, and further such evidence would be constructive for a bitcoin low being formed. Gold has been outperforming bitcoin a lot recently, something which has perhaps started to turn.”
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
The bitcoin price has surged in recent years, climbing alongside gold as traders bet on the “debasement” of the U.S. dollar.
Forbes Digital Assets
Meanwhile, bitcoin and crypto market watchers are fearful the bitcoin price could plunge below $100,000, though upbeat traders believe such a drop would be a buying opportunity.
“I am now thinking a dip below $100,000 seems inevitable, although the dump may be short-lived,” Kendrick wrote, adding “this could be the last time bitcoin is ever” below $100,000.
“The 10 October U.S.-China trade war fear driven selloff put paid to any further push higher and the question now is how far does bitcoin need to fall before finding a base,” Kendrick asked.
