Binance CEO Richard Teng has predicted that Bitcoin (BTC) could reach a new record high by the end of the year, according to Bloomberg.
Bullish Outlook
Teng believes Bitcoin could surpass $80,000, exceeding his previous estimate of $80,000 by 2024. He attributes this optimism to declining supply and sustained demand.
Market Corrections
Teng acknowledges that the Bitcoin rally won’t be linear and that corrections are healthy for the market.
Binance’s Future
Teng, who took over as CEO after Changpeng Zhao’s resignation, aims to expand Binance while ensuring regulatory compliance. He highlights the company’s strong financial position and revenue growth.
