💥@Richard Teng , CEO of Binance makes a prediction on the next price of Bitcoin
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
