CEO Binance, confidently predicts that the price of Bitcoin will reach an all-time high by 2025, thanks to significant changes in policies and regulations in the US under President Donald Trump.
The foundation for Bitcoin's boom
At an event at the World Economic Forum in Davos, Switzerland, Teng emphasized that new US policies are creating a favorable environment for cryptocurrency, especially, to thrive. He shared:
Trump's executive order: Focus on promoting digital financial technology, supporting stablecoins, and rejecting central bank digital currencies (CBDC).
Regulatory reforms at the SEC and CFTC: Crypto-friendly leaders like Mark T. Uyeda (SEC) and the newly appointed person at CFTC have paved the way for clearer regulations.
ORDIUSDTPerp89,632.01+7.81%
Support from the US government and Congress
Teng asserted that the US Congress, including both the House of Representatives and the Senate, currently tends to support cryptocurrency more than before. He also mentioned the campaign's plan for establishing a strategic Bitcoin reserve fund, promising to create more confidence in this market.
Conclusion
With groundbreaking changes in the US approach, the CEO of Binance believes that 2025 will be the year Bitcoin enters a new era, reaching historical peaks and opening up great opportunities for investors.
Note: The cryptocurrency market is highly volatile. Consider carefully before investing.
