On June 18, Binance CEO Richard Teng said on Bankless's YouTube channel that Bitcoin is expected to surpass $80,000 by the end of this year. Teng added that he thinks 2025 will be better for the cryptocurrency industry as a whole than 2024 because the overall macroeconomic situation will be better. He explained that we may see a reduction in interest rates later this year, which will lead to an increase in cryptocurrency prices in 2025.