Richard Teng, the CEO of Binance, stated that Bitcoin will hit its all-time high in 2025. He based this prediction on regulatory changes in the United States under Trump’s leadership and the country’s strategic moves to support digital currencies. Teng at the World Economic Forum in Davos mentioned that Trump’s policies could provide the necessary regulatory clarity for further growth in the digital currency industry. He referred to Trump’s executive order titled ‘Strengthening American Leadership in Digital Financial Technology,’ emphasizing innovation in digital finance, support for dollar-backed stablecoins, and the development of a Central Bank Digital Currency (CBDC). Teng highlighted that recent changes in the Trump administration could bring confidence and recognition to the digital currency industry, enhancing sustainable growth. He also pointed out Trump’s promise to establish strategic reserves of Bitcoin in the US, which could boost trust in this industry.
