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“Far Above $80,000” – Binance CEO Reveals Bull Market Prediction

News | Blockchain | by Max Cosmo | June 17, 2024 |
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BanklessBinancebitcoinBTCETFEthereumYouTube

As Bitcoin (BTC) hovers around the $60,000 mark, Binance CEO Richard Teng has unveiled his latest predictions for the crypto market.

In a recent interview on the Bankless YouTube channel, Teng forecasted that Bitcoin’s price will surge to over $80,000 by the end of this year.

Improved Macroeconomic Conditions in 2025

He predicts that due to improvements in macroeconomic conditions, the performance of Bitcoin and other digital assets in 2025 will surpass that of 2024.

ETF Approvals Driving Liquidity

Teng also mentioned that the approval of Bitcoin exchange-traded funds (ETFs) earlier this year and the expected approval of an Ethereum (ETH) ETF may continue to drive more liquidity from traditional financial institutions into the cryptocurrency market, further propelling the bull market cycle.

Sentiment: Positive

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