Changpeng Zhao, founder and CEO of Binance, believes that Bitcoin still has a lot to offer.

Zhao suggested that the total market value of Bitcoin would rise to $2 trillion.

That is, the price of one bitcoin will be worth $100,000.

The United States injects a $2 trillion stimulus package:

This comment came after several news emerged in the past few days that the US is planning a massive stimulus package in order to revitalize the US economy.

After the recent acceleration in the global spread of the coronavirus, President Donald Trump has begun pumping out trillions worth of dollar packages.

In the past few hours, it was reported that the US Senate managed to agree with the White House on a huge deal worth $2 trillion.

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This stimulus package comes as a result of a bipartisan compromise to mitigate the effects of the coronavirus on the US economy.

In addition, the US Federal Reserve will intensify efforts to support the US economy and the stock market.

The Fed recently started buying government bonds and mortgage papers, something analysts call “endless quantitative easing.”

What if the market capitalization of Bitcoin was $2 trillion:

Analysts point to the Fed’s balance sheet ballooning to $10 trillion and find it mind-boggling.

It is unclear how the Federal Reserve can offload these securities without disturbing the market and affecting it significantly.

As for the reasons for “Zhao” expecting the bitcoin to rise to the level of 100,000 dollars, it coincided with the decision of the US Federal Reserve to pump 2 trillion dollars

Where pointed out Zhao tweeted:

As we are used to talking about trillions, a modest $2 trillion market cap of bitcoin would put 1 bitcoin at $100,000.

It’s not hard to imagine the number now, is it?

Zhao says Bitcoin could easily reach $100,000.

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Zhao’s comment on $2 trillion being a “modest” market value for Bitcoin, and the value could be related to repeated stimulus packages in the US.

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Although this latest $2 trillion stimulus package may seem like an unexpected and nasty event, it comes less than 12 years after another nearly $1 billion stimulus package.

Additionally, Zhao also notes that this is an unfair comparison of bitcoin to the dollar’s market value.

Whereas, Bitcoin likely does not require an inflow of $2 trillion to achieve a comparable market value.

Alternatively, Zhao suggests that a large amount of Bitcoin hodlers will increase the coin’s price faster.

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