{"id":27781,"date":"2024-03-18T09:58:47","date_gmt":"2024-03-18T09:58:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-to-break-records-says-binance-ceo-richard-teng\/"},"modified":"2024-03-18T09:58:47","modified_gmt":"2024-03-18T09:58:47","slug":"bitcoin-to-break-records-says-binance-ceo-richard-teng","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-to-break-records-says-binance-ceo-richard-teng\/","title":{"rendered":"Bitcoin to Break Records, Says Binance CEO Richard Teng"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Richard Teng, the CEO of Binance, remains a bullish outlook on Bitcoin<\/a>, predicting its value could climb beyond $80,000, as reported<\/a> by Bloomberg on Sunday. This optimism is fueled by the increasing flow of investments into crypto-backed exchange-traded funds (ETFs). Despite Bitcoin\u2019s recent fall below $69,000, it has seen a rise of more than 55% this year.<\/p>\n

Taking the helm at Binance in November 2023, following Changpeng Zhao\u2019s departure, Teng<\/a> has observed a big increase in institutional investments, particularly in spot Bitcoin ETFs, a development buoyed by the U.S. Securities and Exchange Commission\u2019s earlier approval of these financial products. According to Teng, the entry of institutional money into Bitcoin ETFs is \u201cjust getting started,\u201d<\/em><\/strong> indicating a positive outlook for the cryptocurrency\u2019s market trajectory.<\/p>\n

This influx of capital, as Teng suggests, could propel Bitcoin\u2019s value to new heights. Initially setting his year-end prediction for Bitcoin at $80,000, Teng now believes that with the ongoing demand and the dwindling supply, the price of Bitcoin could ascend even further. His comments reflect a broader sentiment of confidence in the future growth of Bitcoin, underpinned by both regulatory advancements and an increasing appetite from institutional investors.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Richard Teng, the CEO of Binance, remains a bullish outlook on Bitcoin, predicting its value could climb beyond $80,000, as reported by Bloomberg on Sunday. This optimism is fueled by the increasing flow of investments into crypto-backed exchange-traded funds (ETFs). Despite Bitcoin\u2019s recent fall below $69,000, […]<\/p>\n","protected":false},"author":5,"featured_media":27782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27781"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27781"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27782"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}