Markets
‘Much higher than $80,000’ – Binance CEO reveals bull market predictions, claims 2025 will be even better for crypto
Binance CEO Richard Teng is revealing his latest crypto predictions like Bitcoin (Bitcoin) hovers around the $60,000 range.
In a new interview on the Bankless YouTube channel, Teng predict that Bitcoin will surpass $80,000 before the end of the year.
His prediction for 2025 is that Bitcoin and other digital assets will have an even better year than 2024 due to improving macroeconomic conditions.
He also says the approval of Bitcoin exchange-traded funds (ETF) earlier this year is expected approval of ETFs for Ethereum (ETH) could continue to drive more liquidity into crypto markets from traditional financial institutions and drive the bull market cycle.
“I think 2025 will be an even better year than 2024 for the crypto industry in general because the overall macroeconomic condition will be much better. We will likely see an interest rate reduction later this year. There will be a much better macroeconomic environment, a much more enlightened interest rate environment. Therefore, I think all of this will increase cryptocurrency prices even more in 2025.
So my basic prediction [at the] end of 2023 was $80,000 [for Bitcoin at the end of 2024]…But what I didn’t anticipate was the strong and robust flows from institutions following the launch of [the Bitcoin] ETF. I didn’t expect the ETF to be approved so quickly, so early in the year. My forecast for ETF approval was possibly late 2024 or even 2025. I changed my [Bitcoin] forecast because of this. My price tag for the end of this year is well over $80,000. I’m not going to give you the price, but it’s much higher than my base price at the end of last year, and I think next year will be a much better year compared to this year. That’s my opinion.
You have seen a lot of analysts coming out, including from Standard Chartered, to say that next year Bitcoin should reach $200,000 – if there is a squeeze, it should reach $250,000. Therefore, I think there is still room to grow, both for Bitcoin and for tokens like Ether. What [ETH] The ETF has just been approved. Again, with all this approval of ETFs it brings new liquidity, new groups of users. I mentioned that $15 billion has been invested in Bitcoin ETFs since the beginning of the year after approval. And this is very robust. We will continue to see very robust institutional demand on that front. And this is actually very beneficial for the crypto community.”
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