Binance founder Changpeng Zhao stated that Bitcoin reaching $200,000 is "the most obvious thing in the world," a sentiment echoed days later by analyst Rekt Fencer, who forecasts the cryptocurrency could climb as high as $240,000 by the end of 2026.
What Happened: CZ's $200K Forecast
Zhao, commonly known as CZ, made the bullish prediction as Bitcoin trades significantly below its all-time high, acknowledging that while the timing of such a rally remains uncertain, he believes the milestone is inevitable.
The former exchange chief's comments come amid an evolving U.S. regulatory landscape, including consideration of the CLARITY Act by the Senate Banking Committee, though a scheduled Jan. 15 vote was delayed.
CZ also pointed to what he described as a potential crypto "Super Cycle," citing the Securities and Exchange Commission's decision to remove cryptocurrency from its 2026 priority risk list as grounds for optimism.
Also Read: Ethereum Holds $3,280 Level As Momentum Indicators Flash Warning Signs
Why It Matters: Analyst Support
CZ is not the only one who looks at Bitcoin's future with great optimism.
Crypto analyst Rekt Fencer, who has more than 336,000 followers on X, shares a similar outlook but offers a more specific timeline.
He forecasts Bitcoin could reach $200,000 before the end of 2026, with his price chart suggesting a potential target as high as $240,000.
Fencer believes Bitcoin could replicate the explosive growth seen during the 2020 bull cycle.
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