Binance CEO Richard Teng Predicts Bitcoin's Bullish Momentum Will Be Driven by Growing Institutional Adoption

Bitcoin's price has surged past $104K, reflecting a strong market rebound and positive sentiment post-halving.

Binance CEO Richard Teng predicts that Bitcoin’s bullish momentum will be driven by growing institutional adoption.

As the world’s largest crypto exchange, Binance is a key driver of the crypto market.

Recently, Binance CEO Richard Teng has been sharing his thoughts on Bitcoin’s price trends and the factors that could influence its future movements.

Taking to X, formerly Twitter, Teng highlighted what he believes will be a crucial factor in determining Bitcoin’s bullish momentum.

According to Teng, the U.S. spot Bitcoin ETF approvals, which are eagerly awaited by the crypto community, could be a turning point for institutional investors.

"With the U.S. finally approving spot Bitcoin ETFs, we could see even more institutional money flowing into Bitcoin. This shift in focus from speculative assets to long-term stores of value is a natural progression of the market cycle, especially with the halving and the macro environment in mind."

With big players like institutions stepping into the market, Teng predicts that retail investors will follow suit, further increasing demand for Bitcoin.

"As we've seen in the past, when institutions make a move, retail investors tend to follow suit, further increasing demand for Bitcoin."

Earlier this year, Teng spoke about his optimism for Bitcoin in an interview with Chain Media.

"Despite the market downturn last year and the regulatory crackdown in 2021, I personally believe that Bitcoin is still a valuable asset class with the potential for long-term growth. As the saying goes, every crisis is also an opportunity for innovation and change."

As one of the few crypto leaders who have been consistently optimistic throughout 2025, Teng has backed up his words with actions.

Under his leadership, Binance has navigated various challenges and managed to maintain its position as the world’s largest crypto exchange.

Moreover, Binance has consistently emphasized its commitment to Bitcoin, even during periods of market downturn.

With Bitcoin recently completing another halving cycle, which is usually followed by a bull market, the stage seems to be set for an interesting second half of 2025.

Especially since the supply of Bitcoin is becoming increasingly tight, while more and more money is flowing into Bitcoin ETFs and the macroeconomic environment is heating up, which could ultimately lead to increased demand for Bitcoin.