Binance CEO Richard Teng has shared his latest cryptocurrency forecasts as Bitcoin (BTC) remains steady in the mid-$60,000 range.

During a recent interview on the Bankless YouTube channel, Teng anticipates that Bitcoin will surge past $80,000 before the end of the year. Looking ahead to 2025, he envisions a strong year for Bitcoin and other digital assets, attributing this to improving macroeconomic conditions.

Teng highlights the approval of Bitcoin’s exchange-traded funds (ETF) earlier this year, along with the anticipated approval of ETFs for Ethereum (ETH), as factors that could drive more liquidity into the crypto markets from traditional financial institutions and push the bull market cycle even higher.

“I believe that 2025 will be a superior year compared to 2024 for the crypto industry overall due to the favorable macroeconomic conditions. With a likely interest rate reduction towards the end of this year, we can expect a more enlightened interest rate environment, boosting crypto prices further in 2025.”

Reflecting on his earlier prediction for Bitcoin at the end of 2024, Teng acknowledges the unexpected strong institutional inflows following the ETF launch. This led to a revised forecast and a much higher price projection for the end of this year. While he does not disclose the exact figure, he is confident that 2025 will surpass the current year in terms of performance.

Analysts, including those from Standard Chartered, have suggested that Bitcoin could reach $200,000 next year, potentially even hitting $250,000. Teng sees room for growth not only for Bitcoin but also for tokens like Ether, especially with the recent approval of the ETH ETF. The influx of liquidity from ETF approvals is attracting new users and funds into the market, bolstering institutional demand.

With $15 billion already flowing into Bitcoin ETFs since the beginning of the year, Teng expects continued strong institutional interest, which will benefit the entire crypto community.

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