Binance CEO Teng Sees Bitcoin Topping $80,000 on ETF Inflows
- Teng says Bitcoin ETF launch drawing institutional investors
- Fund flows into Bitcoin ETFs “just getting started,” Teng says
Branding for Bitcoin cryptocurrency.
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Bitcoin is set to continue its record-breaking rally and rise above $80,000 as institutional investors pour more money into the crypto-backed exchange-traded funds, according to Binance Chief Executive Officer Richard Teng.
The launch of Bitcoin ETF in the US earlier this year has attracted institutional investors and new fund flows, Teng said at an event in Bangkok on Sunday, adding “we’re just getting started.”