Posted 3/18/2024, 11:13:00 AM
Teng Forecasts Bitcoin Price Surpassing $80K in 2023, Citing Growing Institutional Interest
- Teng expects bitcoin to cross $80K by end of 2023, raising his previous estimate
- Sees increased investment from family offices and endowment funds in bitcoin ETFs
- Standard Chartered raised bitcoin year-end price target to $150K
- Teng replaced CZ as Binance CEO in November after $4.3B settlement with U.S.
- Expects rally to continue with ups and downs which will be good for the market
