Binance CEO predicts Bitcoin to hit all-time high in 2025: ‘The narrative has shifted drastically’

Binance CEO predicts Bitcoin to hit all-time high in 2025: ‘The narrative has shifted drastically’
фото показано с : invezz.com

2025-1-22 19:43

Bitcoin is expected to reach a new all-time high in 2025, fueled by positive regulatory developments in the US under President Donald Trump’s administration, Binance CEO Richard Teng said during an interview with CNBC on Tuesday.

Teng, who succeeded Changpeng Zhao as Binance’s CEO last year, shared his optimism, highlighting expectations for “clearer regulation” under the Trump administration. He noted that such developments would bolster the crypto market.

“Based on past cycles, this year is likely to bring a new all-time high for the cryptocurrency industry,” Teng remarked during a fireside chat at the World Economic Forum in Davos, Switzerland.

Bitcoin recently surpassed the $100,000 mark for the first time, driven by enthusiasm over the crypto industry’s prospects under Trump’s leadership.

As of Tuesday, Bitcoin was trading around $105,381, according to CoinmarketCap.

Source: CoinMarketCap

“The narrative around crypto has shifted significantly,” Teng observed, emphasizing the growing support for cryptocurrencies among political and corporate leaders at the Davos summit.

Teng also anticipates legislative advancements in the US, focusing on areas such as token issuance, trading, and asset management.

He credited a more crypto-friendly political landscape, noting,

The House of Representatives and the Senate are now more pro-crypto compared to previous years.

He added that President Trump has appointed crypto-friendly regulators to key positions, including naming Paul Atkins, a seasoned Washington lawyer, as the new head of the Securities and Exchange Commission (SEC).

Atkins is expected to steer the SEC away from its historically strict enforcement approach toward the crypto sector.

Teng also expects the administration to provide “certainty” and “recognition” for the crypto industry, including the potential establishment of a US strategic Bitcoin reserve—an idea Trump floated during his presidential campaign.

The post Binance CEO predicts Bitcoin to hit all-time high in 2025: 'The narrative has shifted drastically' appeared first on Invezz

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2025 binance all-time high ceo bitcoin richard

Источник: invezz.com

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