• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Crypto Risk Management Strategies for Trading (2025)

2025-07-07

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07

    What Is DeFi Staking? Everything You Need to Know

    2025-07-07

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    2025-07-04

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    2025-07-04

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02
  • Videos

    DCA Live 💥 When Worlds Collide 🌍🚀

    2025-07-07

    Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

    2025-07-07

    Is the Next Bitcoin Black Swan Lurking Around the Corner?

    2025-07-05

    Bitcoin: $115,000 Changes Everything!

    2025-07-04

    Megabill Passed: Time To Load Up on Bitcoin

    2025-07-03
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bitcoin’s price to cross $80K, but not in a ‘linear line’ – Binance CEO’s prediction
Bitcoin

Bitcoin’s price to cross $80K, but not in a ‘linear line’ – Binance CEO’s prediction

2024-03-19No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Richard Teng, the newly appointed leader of Binance, has expressed optimism about Bitcoin’s [BTC] future trajectory, foreseeing a significant surge by year-end.

Teng’s bullish outlook, as reported by Bloomberg, highlighted growing confidence in the cryptocurrency’s potential amidst ongoing market dynamics.

Highlighting Teng’s prediction, the Bloomberg report noted, 

“Bitcoin is set to continue its record-breaking rally and rise above $80,000 as institutional investors pour more money into the crypto-backed exchange-traded funds.”

The major players behind the rally 

His bullish outlook on Bitcoin is driven by decreasing supply and increasing demand. Teng’s new projection, exceeding $80,000, reflects growing confidence in its upward trajectory. This aligns with the broader crypto market trend, boosted by the approval of a spot Bitcoin Exchange-traded fund (ETF). 

The surge in institutional interest has prompted many financial institutions to revise their outlook on cryptocurrencies.

Standard Chartered, for instance, has raised its year-end target for Bitcoin to an ambitious $150,000, signaling growing confidence in its potential for further appreciation.

In an event in Bangkok, Teng stated, 

“There has been relentless inflows into US spot Bitcoin ETFs since they were approved in January.”

He further added, 

“More endowments and family offices are expected to step up allocations into Bitcoin ETFs in the near term.”

This highlighted the broadening scope of Bitcoin investment across diverse financial entities. 

Teng’s Bitcoin market analysis

Moreover, Teng emphasized that the market’s trajectory will not be a linear progression but rather characterized by fluctuations. He added the rally won’t be a “straight line” and the ups and downs will be good for the market.

See also  ‘Smart Whale’ Deposits $16,000,000 in USDC to Binance As Crypto Markets Show Signs of Strength: On-Chain Data

Overall, Teng’s insights shed light on the evolving landscape of Bitcoin investment, indicating a widening embrace of cryptocurrency assets among various investor groups. 

Teng’s leadership at Binance, succeeding Changpeng Zhao in November 2023, lends credibility to his forecasts. Amidst Binance’s $4.3 billion settlement with U.S. authorities, Teng’s insights as CEO provide valuable perspectives on industry trends.

Thus, as the market continues to mature, Bitcoin’s increasing acceptance as a legitimate asset class signals a promising outlook for its future adoption and growth.

 

Next: FLOKI loses 20% in 24 hours – Here’s what might rescue it
80k Binance Bitcoins CEOs Cross line linear Prediction Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

Bitcoin Price Pump INCOMING! SEI & XRP Have A Secret, Crypto Cycle & More!

2025-06-30

Bitcoin’s 146K Target: Countdown Begins

2025-06-26

HyperLiquid Taking Over: HYPE Breakdown & Price Predictions!!

2025-06-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Consensys advances its Web3 plans with SMG acquisition

2023-10-13

Consensys is acquiring Special Mechanism Group (SMG). The financial details of the deal were not…

NFT

NFTs dressing up as a bull?

2023-10-25

Are non-fungible tokens (NFTs) actually back this time, or are they just dressing up as…

Videos

MASSIVE Crypto Rally Incoming?! Don’t Miss This Event!

2024-02-10

Get The Hottest Crypto Deals http://www.coinbureau.com/deals Coin Bureau Discord …

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Crypto Risk Management Strategies for Trading (2025)

2025-07-07

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

What Is DeFi Staking? Everything You Need to Know

2025-07-07
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,986.93
ethereum
Ethereum (ETH) $ 2,534.26
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 659.67
solana
Solana (SOL) $ 148.52
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.28627
dogecoin
Dogecoin (DOGE) $ 0.166813
staked-ether
Lido Staked Ether (STETH) $ 2,533.25
bitcoin
Bitcoin (BTC) $ 107,986.93
ethereum
Ethereum (ETH) $ 2,534.26
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 659.67
solana
Solana (SOL) $ 148.52
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.28627
dogecoin
Dogecoin (DOGE) $ 0.166813
staked-ether
Lido Staked Ether (STETH) $ 2,533.25