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⬆️ Binance CEO Richard Teng Sees Bitcoin Crossing $80K by Year End

The new Binance CEO’s $80,000 year-end Bitcoin price target is an eye-catching, bullish prediction that carries some credibility coming from the leader of the world’s largest crypto exchange. His reasoning of Bitcoin’s reduced supply meeting rising demand is fundamentally sound, especially with the recent U.S. spot ETF approval. However, crypto markets remain highly volatile and speculative, so investors should be cautious about following lofty price forecasts.

While $80,000 isn’t impossible if institutional adoption continues accelerating, Teng’s call could also be viewed as him trying to instill confidence after the controversy around former CEO CZ’s departure. As always, conduct your own analysis rather than blindly following predictions.

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Richard Teng, the CEO of Binance, has revised his prediction for Bitcoin's price to exceed $80,000 this year. He foresees a sustained influx of funds into U.S. spot Bitcoin exchange-traded funds (ETFs) as more endowments and family offices seek to incorporate Bitcoin into their investment portfolios.

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