New Binance CEO Richard Teng expects BTC to be above $80,000 by the end of 2024. He stated this at an event in Bangkok, writes #Bloomberg:
“Teng said he previously expected the cryptocurrency to be worth around $80,000 by the end of the year, but now sees it exceeding that figure “with supply tightening and demand continuing.” He reiterated that the forecast is his personal opinion, adding that the rally will not be a "straight line" and that the ups and downs will benefit the market."
It should be noted that Teng's forecast is not the most optimistic.
At the beginning of January this year, analysts #CoinGecko came to the conclusion that the average forecast for the BTC price after the network halving in 2024 is $87,000.
The most optimistic forecast from their list is from Cathie Wood from #Arkinvest ($600,000 to $1 million by 2030).
The most restrained (it’s hard to call it pessimistic) is from Mike McGlone from #Bloomberg ($100,000 in 2025).#Matrixportexpects $125,000 by the end of 2024,#BitQuant- from $80,000 to $250,000. S
From the latest, Standard Chartered Bank is expecting#BTCat $150,000 by the end of 2024 and at $200,000-250,000 by the end of 2025.
