Summary
- CEO Teng predicted that Bitcoin will reach an all-time high this year.
- He emphasized that regulatory clarity in the cryptocurrency industry will support market growth.
- He stated that changes in the U.S. legislative environment will positively impact cryptocurrency trading.
Richard Teng, the CEO of the global cryptocurrency exchange Binance, has predicted that Bitcoin (BTC) will reach a new all-time high this year.
According to Bitcoin.com News on the 27th, CEO Teng recently attended a panel hosted by CNBC at the World Economic Forum (WEF), where he stated, "Looking at past cycles, this year will be a record-breaking year for the cryptocurrency industry." CEO Teng also mentioned, "The policies of the Trump administration will bring the regulatory clarity needed for the cryptocurrency industry," and he believes it will lead the next growth phase for cryptocurrencies like Bitcoin.
He also mentioned changes in the U.S. legislative environment. CEO Teng said, "Now both the U.S. House and Senate are favorable towards cryptocurrencies," and noted that "legislation regarding token issuance, trading, and asset management is likely to progress further."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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