Bitcoin Predicted to Reach $80,000 as Market Rally Accelerates

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.