This was stated by Binance CEO Richard Teng. He projected that the crypto market, and in particular bitcoin, will have a good 2025.
The CEO of Binance, Richard Teng, described 2024 as a transformative year for the cryptocurrency market, highlighting historical milestones such as the record price of bitcoin, that reached the US$108,000and the total capitalization of the crypto market that also registered historical highs. According to Teng, this growth not only reflects the maturity of the sector, but also an advance in its global adoption and regulation.
Among the regulatory developments, Teng stressed the importance of Micathe European Union regulations for crypto assets, and anticipated that Donald Trump’s administration in the United States will bring new crypto legislation in 2025. “The United States could establish a Bitcoin Strategic Reserve, a move that would encourage other countries to do the same. himself,” he said. Furthermore, he highlighted the positive impact of Spot bitcoin ETFswho already manage more than u$s100,000 million in assets.
Stablecoins, DeFi and memecoins: growth drivers in 2024
In 2024, the supply of stablecoins reached a record of u$s200,000 millionreflecting its growing importance in the stability and adoption of the crypto ecosystem. On the other hand, the total value locked in projects of Decentralized Finance (DeFi) exceeded the u$s125,000 millionshowing sustained growth accompanied by innovative developments.
The year also marked a boom in memecoinsdriven by figures like Elon Musk. Although their proliferation has generated oversupply, Teng believes that a few will stand out for their longevity and resilience. Likewise, traditional companies such as BlackRock and Fidelity They joined the crypto business, integrating features such as tokenization.
Binance: education and security as pillars for 2025
For Binance, next year will be key to advancing user protection and cryptocurrency education. The company plans to integrate tools artificial intelligence (AI) in its products to diversify its services and attract new users to the industry. According to Teng, “the recent growth of bitcoin has opened the doors for more people to become interested in this dynamic sector.”
With an optimistic outlook, the crypto market hopes to consolidate its position in the global economy, driven by mass adoption and a stronger regulatory framework.
Source: Ambito
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