he director of Binance has raised his forecast for the price of Bitcoin, exceeding the $80,000 mark.

A senior manager expressed the view that the next year promises to be favorable for digital assets due to an improvement in the overall macroeconomic environment.

Teng also emphasized that the approval of the Bitcoin ETF and the launch of similar investment funds based on Ethereum will bring additional funds into the digital currency market, which will contribute to the formation of a bullish trend.

According to his forecasts, by the end of this year, the US Federal Reserve may weaken monetary policy, which, in turn, will create a suitable macroeconomic situation and a more balanced rate policy. This will be a catalyst for further increases in the value of cryptocurrencies in 2025.

The head of Binance expressed confidence in the progressive increase in interest from institutional investors, which will have a positive impact on the cryptocurrency community.

Bernstein analysts previously predicted that Bitcoin would reach $200,000 by the end of 2025.

The forecast is based on projected record-high demand from real-time market-traded exchange-traded funds run by companies such as BlackRock, Fidelity and Franklin Templeton.