Binance CEO Predicts New All-Time High for Bitcoin
Richard Teng, who replaced Changpeng Zhao as CEO of Binance, said that Bitcoin will have a great 2025.
In an interview with CNBC, the businessman highlighted the “much clearer regulation” that would exist in the United States, after Donald Trump returned to the White House.
This will cause a great boost in the entire crypto market, he said.
#
“If we look at past cycles, this year will be a year in which we will see a new all-time high for the cryptocurrency industry,” Teng added during the World Economic Forum.
For the CEO of the exchange, the general sentiment surrounding crypto assets has changed completely for the better, due to the broad institutional demand that Bitcoin and other altcoins are experiencing.
In addition, he pointed out something very important: “The House of Representatives and the Senate are now pro-cryptocurrencies, compared to the past.”
Bitcoin Price Evolution
BTC has accumulated a 3.2% increase in the last 24 hours to trade just above $107,000, when just a few hours ago it had plummeted below $103,000.