Markets
“Much higher than $80,000” – Binance CEO Reveals Bull Market Forecast, Says 2025 Will Be Even Better for Crypto
Binance CEO Richard Teng Reveals His Latest Crypto Predictions as Bitcoin (BTC) is in the mid-$60,000 range.
In a new interview on YouTube channel Bankless, Teng predicted that Bitcoin will exceed $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 claims that the approval of Bitcoin exchange-traded funds (ETFs) earlier this year and the expected results approval of ETF for Ethereum (ETH) could continue to generate more liquidity in crypto markets from traditional financial institutions and propel the bull market cycle higher.
“I think 2025 will be an even better year than 2024 for the crypto industry in general, because the general macroeconomic situation will be much better. We are likely to see a reduction in interest rates towards the end of this year. There will be a much better macroeconomic environment, a much more enlightened interest rate environment. So I think all this will increase cryptocurrency prices even more in 2025.
So my basic prediction [at the] at the end of 2023 it stood at $80,000 [for Bitcoin at the end of 2024]…But what I didn’t anticipate was the massive and robust influx of institutions after the launch of [the Bitcoin] ETFs. I didn’t expect the ETF to be approved so quickly, so early in the year. My prediction for ETF approval was perhaps late 2024 or even 2025. I changed my [Bitcoin] prediction because of this. My price 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 from the end of last year, and I think next year will be a much better year than this year. It’s my point of view.
You’ve seen many analysts, including those at Standard Chartered, claiming that by next year, Bitcoin is expected to hit $200,000 – in a squeeze, it’s expected to hit $250,000. So I think there is still room for growth, both for Bitcoin and for tokens such as Ether. That [ETH] The ETF has just been approved. Again, with all this approval of ETFs, it brings new liquidity, new user pools. I mentioned that $15 billion has been invested in Bitcoin ETFs since the beginning of the year, following approval. And it’s very sturdy. We will continue to see fairly robust institutional demand in this area. And it’s really very beneficial for the crypto community.
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