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Bitcoin is expected to continue its record high, exceeding $80,000, as institutional investors pump more money into Bitcoin exchange-traded funds, according to Binance CEO Richard Teng.
The launch of Bitcoin ETFs in the US earlier this year attracted institutional investors and new investment flows, Ting said at an event in Bangkok on Sunday.
The world's largest cryptocurrency has risen 56% this year, reaching an all-time high of around $73,798 last week.
