Binance CEO sees Bitcoin soaring to $80,000 this year – Nation Thailand
Category: Binance
Teng attributed the price surge to declining supply, due to halving, and continued demand for the worlds most popular cryptocurrency. Halving cuts the daily supply of newly minted coins by 50 per cent, which have caused prices to soar. Bitcoin had touched an all-time high of $73,794 on March 14.
Speaking to the press at an event on Tuesday, Teng said he remained confident about the crypto space in Asia. Binance TH, a digital assets exchange platform, was launched earlier this year in a joint venture with Gulf Energy, a large Thai infrastructure conglomerate.
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Binance CEO sees Bitcoin soaring to $80,000 this year - Nation Thailand
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