
Major cryptocurrencies Binance Binance General Director Richard Teng tends to new bitcoin price record in 2025 months due to explicit market regulatory concern in the United States, which will occur after Donald Trump administration takes over the government , CNBC reports.
Today the world’s most popular cryptocurrency peaks about one per percent up to 105,109 thousand dollars.On Monday, Donald Trump’s inauguration day, bitcoin reached a new record price level of 109.163 thousand dollars. This prime currency has been rising since 5 November when Donald Trump won the presidential election. The market waits for him to keep his pledge made during the election campaign to turn the United South US “the bitcoin island of the world”.
Richard Teng believes that bitcoin will continue to increase due to “much more clearer regulation of the United States in this year to be introduced by the Trump Administration.
“If we look at the earlier cycles, that will be the year when we will see a new all time record in the cryptocurrency industry. The narrative about cryptocurrencies has changed a lot since the last year , he said during a meeting at the World Economy Forum in Tavosa.
Binance Director General claimed that since the arrival in Davos the politics andbusinessleadershadheardpositivefeedbackoncrypto-currencies.RichardTengemphasisedthattheindustryisviewedpositivelybynotonlyDonaldTrump,butbytheandtherepresentativesoftheCongress.HehasnotedthatTrumpgivesher”trust”and”recognition”asprime,wheninthecampaignyeartheU.S.Presidentannouncedthecreationofthestrategicbitcoinreserve.