Richard Teng, CEO of Binance, forecasts that Bitcoin will hit a new all-time high in 2025, linking it to regulatory changes anticipated from Trump’s administration.
Recent U.S. Government initiatives are designed to create a more favorable environment for cryptocurrencies, with significant support from the SEC and CFTC to provide clear regulations.
Teng notes a shift in the U.S. Political climate towards being more pro-crypto, emphasizing legislation that is likely to push forward initiatives on token trading and management.