Changpeng Zhao (CZ), the founder of Binance, believes that Bitcoin will reach $1 million.
CZ emphasizes that Bitcoin's journey to this price level will take time, as the crypto market is still in its early stages.
CZ also suggests that governments may start competing to acquire Bitcoin as a strategic reserve, with wealthier and financially stable nations taking the lead.
His comments are of significance to countries looking to modernize their financial systems using digital assets, as CZ takes on the role of strategic advisor to the Pakistan Crypto Council.