Markets
“Much Above $80,000” – Binance CEO Reveals Bull Market Prediction, Says 2025 Will Be Even Better for Cryptocurrencies
Binance CEO Richard Teng revealed his latest predictions for cryptocurrencies like Bitcoin (Bitcoin) is around an average of 60,000 dollars.
In a new interview on the Bankless YouTube channel, Teng predicts 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 thanks to improving macroeconomic conditions.
It also says that Bitcoin Exchange Traded Funds (ETFs) are expected to be approved early this year approval of ETFs for Ethereum (ET) could continue to inject more liquidity into the cryptocurrency markets from traditional financial institutions and push the bull market cycle higher.
“I think 2025 will be an even better year than 2024 for the cryptocurrency industry in general because the overall macroeconomic conditions will be much better. We will probably see an interest rate reduction towards the end of this year. There will be an environment much better macroeconomic, much more enlightened interest rate environment So I think all of these will further increase cryptocurrency prices 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 foresee was the strong and robust inflows from institutions after the launch of [the Bitcoin] ETFs. I didn’t expect the ETF to be approved so quickly and so early in the year. My prediction for ETF approval was maybe late 2024 or even 2025. I changed my [Bitcoin] prediction for this reason. My price for the end of this year is much higher than $80,000. I won’t tell you the price, but it’s a lot higher than my base price from the end of last year and I think next year will be a much better year than this year. This is my point of view.
You’ve seen a lot of analysts come out, including from Standard Chartered, to say that by next year Bitcoin should hit $200,000 – if there was a squeeze it should hit $250,000. So I think there is still room to grow, both for Bitcoin and for tokens like Ether. That [ETH] The ETF has just been approved. Once again, all this ETF approval brings new liquidity and new user pools. I mentioned that $15 billion has flowed into Bitcoin ETFs since the beginning of the year, after approval. And this is very sturdy. We will continue to see fairly robust institutional demand on this front. And this is really very beneficial for the crypto community.”
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