Bitcoin could climb to $200,000 as regulatory pressure eases and BTC becomes more embedded in global financial markets, according to Binance founder Changpeng Zhao.

Zhao linked Bitcoin’s long-term prospects to developments in the political and regulatory landscape. He observed that the industry has benefited from a more accommodating policy stance since President Donald Trump’s re-election. Moreover, Zhao added that the easing of regulatory pressures has helped restore confidence across the broader crypto sector.

That renewed confidence has coincided with strength in U.S. equity markets. Historically, strong stock market performance has supported Bitcoin prices, creating a more constructive environment for risk assets overall.

CZ believes Bitcoin reaching $200,000 price “is the most obvious thing in the world” to him.