Binance CEO Richard Teng predicts Bitcoin will surge above $80,000 by year-end, driven by increasing institutional investments in crypto ETFs.

Teng expects a volatile yet ultimately beneficial rally for the Bitcoin market.

Survey results indicate a bullish expectation of Bitcoin reaching $120,000 by the end of 2024.

The recent approval of spot Bitcoin ETFs in the US has already led to significant price increases, with Bitcoin achieving a record high of $73,750.

The launch of Bitcoin ETFs has resulted in continuous investment inflows, suggesting further growth potential.

Teng advocates for crypto adoption, citing that developing regulatory frameworks will enhance trust and lead to wider acceptance.

Despite optimism, Teng warns investors to brace for Bitcoin's price volatility.