Bitcoin is set to top $80,000 on strong ETF inflows, Binance CEO Richard Teng said.
After hitting a record high of $73,679 early last week, bitcoin tumbled back below $70,000.
The boss of the world's biggest crypto exchange, Richard Teng, said he now sees the crypto poised to jump past $80,000 after initially predicting it would end the year around that level.
Related storiesHe acknowledged that volatility would still shake the world's biggest crypto and that the uptrend won't be a "straight line."
AdvertisementBitcoin soared to its record high of $73,679 last week.
Persons:
Richard Teng, bitcoin, —, We're, Teng, Kris Marszalek
Organizations:
Service, Bloomberg, CNBC
Locations:
Bangkok