Whereas Trump’s second time period as president was welcomed by the cryptocurrency business, Binance CEO defined his expectations for Bitcoin.
Talking to CNBC in Davos, Binance CEO Richard Teng mentioned that beneath the Trump administration, BTC will attain new ATHs in 2025.
He mentioned that the newly inaugurated Trump administration will introduce clearer laws and that he expects Bitcoin to achieve a brand new all-time excessive in 2025.
“Additionally, should you take a look at previous cycles, this 12 months will likely be a 12 months the place we’ll set a brand new report for the crypto house.”
He famous that Trump is just not the one main US political determine who’s “pro-crypto” for Bitcoin and cryptocurrencies, and mentioned that the Home of Representatives and the Senate at the moment are extra pro-crypto than previously.
Teng mentioned that bipartisan assist for crypto in Congress will assist advance token issuance, buying and selling, and asset administration legal guidelines, and that Trump will present certainty and recognition for the crypto sector.
The Binance CEO additionally added that he expects Trump to create a strategic Bitcoin reserve within the US.
*This isn’t funding recommendation.
