Coinbase CEO Brian Armstrong lowered his Bitcoin forecast to $300,000-$400,000 after the cryptocurrency fell about 30%, down from his August 2025 projection that it could reach $1 million by 2030. Former Binance CEO Changpeng Zhao, known as CZ, said in October 2025 that Bitcoin would surpass gold without setting a timetable. This week, after Bitcoin gained 27% over two weeks, CZ said it would exceed gold’s market capitalization in the next bull market and that the $1 million target would be reached in less than 25 years. CZ previously said in November 2022, when Bitcoin was near $16,000, that the asset was not dead, and predicted in 2023 that a bull market would arrive in 2025. His call for a 2026 supercycle was not realized. Armstrong said this month that Bitcoin has a substantial chance of reaching $100,000 by the end of this year.