Bitcoin Predicted to Reach $80,000 as Market Rally Accelerates
By
Hikaru Suzuki
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Binance CEO, Richard Teng, predicts Bitcoin's surge above $80,000 due to increasing institutional investments in crypto-backed exchange-traded funds (ETFs). He expects this surge driven by crypto demand and reduced supply. The recent approval of spot Bitcoin ETFs in the US has attracted institutional investors. Teng's bullish stance aligns with a remarkable price surge and relentless inflows in the crypto market. Despite recent fluctuations, Bitcoin is expected to potentially break out of its current range.