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1 month ago
Binance CEO Richard Teng on Monday expressed strong optimism for the future of the cryptocurrency industry, predicting that 2025 will surpass the growth and adoption seen in 2024.
Teng's comments come amid growing institutional interest and regulatory clarity, which he believes are setting the stage for a transformative year for digital assets.
What Happened: “2024 has been a good year, but I firmly believe 2025 will be even better,” Teng told Benzinga in an interview.
Highlighting Bitcoin's (CRYPTO: BTC) performance and the factors driving market growth, he pointed to the approval of Bitcoin ETFs as a significant catalyst.
“Earlier this year, we saw Bitcoin ETFs approved in the U.S. and globally, from Brazil to Hong Kong and Australia. The net inflow into Bitcoin ETFs has already surpassed that of gold ETFs within a year, demonstrating the immense pent-up demand,” Teng added.
Teng emphasized Bitcoin’s continued ascent as more institutions and governments embrace the asset.
“This year, we've seen a significant uptick in institutional interest, with sovereign wealth funds and pension funds beginning to allocate Bitcoin reserves. This is a major positive for the industry as we move into 2025,” he said.
He also noted that macroeconomic factors like controlled inflation ...
