Binance CEO Richard Teng Reveals Post-Trump Bitcoin and Cryptocurrency Expectations!
While Trump’s second term as president was welcomed by the cryptocurrency industry, Binance CEO explained his expectations for Bitcoin.
Speaking to CNBC in Davos, Binance CEO Richard Teng said that under the Trump administration, BTC will reach new ATHs in 2025.
He said that the newly inaugurated Trump administration will introduce clearer regulations and that he expects Bitcoin to reach a new all-time high in 2025.
“Also, if you look at past cycles, this year will be a year where we will set a new record for the crypto space.”
He noted that Trump is not the only major US political figure who is “pro-crypto” for Bitcoin and cryptocurrencies, and said that the House of Representatives and the Senate are now more pro-crypto than in the past.
Teng said that bipartisan support for crypto in Congress will help advance token issuance, trading, and asset management laws, and that Trump will provide certainty and recognition for the crypto sector.
The Binance CEO also added that he expects Trump to create a strategic Bitcoin reserve in the US.
*This is not investment advice.
