Nite
Valued Contributor
Binance CEO Richard Teng has revised his earlier prediction for the price of bitcoin, now expecting it to surpass $80,000 this year. The increased optimism is fueled by the growing demand for U.S. spot bitcoin ETFs from endowments and family offices, who are increasingly including bitcoin in their investment portfolios. Many experts, such as Galaxy Digital CEO Mike Novogratz and Bernstein's analysts, are now predicting even higher prices, with expectations of BTC hitting $100K and $150K respectively. Bitwise CIO Matt Hougan goes even further, anticipating a possible peak of $200K due to a combination of high demand and limited supply. With such widespread optimism and momentum surrounding spot bitcoin ETFs and the upcoming halving, it seems likely that the crypto may experience a significant surge in price very soon.