Bitcoin is predicted to reach new all-time high in 2025 due to positive U.S. regulatory movements

From CNBC: 2025-01-21 09:08:24

Binance CEO Richard Teng predicts Bitcoin will reach a new all-time high in 2025 due to positive U.S. regulatory movements under President Trump. Teng expects clearer regulations to support the crypto market and foresees progress in token issuance, trading, and asset management legislation in the U.S.

Teng believes the narrative around crypto has shifted positively, with political and corporate leaders expressing support. He notes that both the House of Representatives and the Senate are now pro-crypto, leading to the appointment of pro-crypto regulators in key roles within the SEC and CFTC.

Trump appointed Paul Atkins to lead the SEC, signaling a potentially more favorable approach to the crypto industry. Teng anticipates Trump will provide certainty, recognition, and establish a U.S. strategic bitcoin reserve, aligning with his campaign promises to support the crypto sector.

Read more: Bitcoin will hit a new all-time high in 2025, Binance CEO says