In addition, Richard Teng stated that improved macroeconomic indicators in 2025 will serve as a strong catalyst for further growth of the crypto industry.
“I have changed my forecast for Bitcoin, it will be much higher than $80,000 and I think next year will be much better compared to this year. This is my point of view.”
The Binance CEO believes that the approval of spot Bitcoin and Ethereum ETFs will continue to drive strong demand from institutional investors.
According to Tang, not only Bitcoin and Ethereum, but also altcoins should be expected to rise in value over the next two years as interest rates are lowered, setting the stage for a better macroeconomic environment in the markets.
Previously, the co-founder of the American software developer MicroStrategy, Michael Saylor, predicted Bitcoin’s growth to $8 million.
Source: Bits
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