Changpeng Zhao Says Bitcoin Can Reach $1 Million Despite U.S. Spot ETF Outflows

Bitcoin remained under pressure as U.S. spot ETFs recorded $222.64 million in outflows on June 30, with BlackRock’s IBIT accounting for $212.45 million of the net outflows during the session.

“Bitcoin has remained under pressure after U”

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Changpeng Zhao reiterated his belief that Bitcoin can reach $1 million over the next decade, arguing in an interview with Block that fewer than 1% of people currently hold the asset.

Cointelegraph

The same report said cumulative net inflows across U.S. spot Bitcoin ETFs stood at $51.15 billion and total net assets remained at $70.95 billion, even as daily trading volume reached $2.53 billion.

On the 4-hour chart, Bitcoin traded near $60,100 and remained below the Supertrend resistance near $60,900, while losing the $60,065 Fibonacci support could increase selling pressure toward the recent swing low around $57,835.

Manny Rutinel, a Democratic candidate for Colorado’s 8th congressional district, won his party’s primary and will head to the November election after support from a crypto-aligned political action committee backed by Ripple co-founder Chris Larsen.

Rutinel reported he would be the Democratic nominee for Colorado’s 8th district after winning with 61.7% of the vote against Shannon Bird’s 33.6%, and the You Can Push Back Super PAC reportedly spent $1 million on media to support his run.

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The Coinbase-affiliated Stand With Crypto organization gave the Colorado Democrat a “strongly supports crypto” rating based on his answers about stablecoins, market structure and regulatory clarity.

Public Citizen reported that the cryptocurrency industry had spent about $189 million so far on contributions to influence the 2026 U.S. elections, largely through PACs, and Cointelegraph said it reached out to a spokesperson for You Can Push Back but did not receive an immediate response.

In Colorado’s 8th district race, Newsweek described how AI regulation became a “subterranean force” as Rutinel won the Democratic primary on June 30 and the general election in November is described as a “genuine toss-up.”

“The crypto industry has contributed $189 million to the 2026 U”

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Newsweek said outside groups tied to tech industry figures spent $5.5 million on television ads boosting Rutinel and attacking Bird, while employees at Anthropic, Google, Meta and OpenAI gave a combined $265,000 directly to his campaign.

The article also said Rutinel was a prime sponsor of Colorado's 2024 Consumer Protections for Artificial Intelligence law and voted for it on the House floor, while Bird voted against.

Newsweek reported that Colorado’s Democratic Governor Jared Polis signed a law on May 14 that rewrote the state's landmark AI regime, repealing and replacing the 2024 act with a narrower framework aimed at automated decision-making.