Bullish voices are constantly heard! Binance's new CEO: Expects Bitcoin to break through $80,000 amid continuous inflow of ETFs

Zhitong
2024.03.17 23:38
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Binance's newly appointed CEO Richard Teng predicts that as institutional investors pour more funds into ETFs supporting cryptocurrencies, Bitcoin will surpass $80,000. He pointed out that earlier this year, the launch of Bitcoin ETFs in the United States attracted institutional investors and new capital inflows. Despite recent fluctuations and sell-offs in the price of Bitcoin, reduced supply and increased demand will drive its price above $80,000. Binance founder Zhao Changpeng resigned as CEO, and Richard Teng took over. Binance is one of the world's largest cryptocurrency exchange platforms