Bitcoin will hit a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told on Tuesday.

Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, shared his insights at the World Economic Forum in Davos, Switzerland.

“If you look at past cycles, this year will be a year that we see a new all-time high for the crypto industry,” Teng said during a fireside chat.

Bitcoin reached the $100,000 price milestone last year, and Teng believes that positive regulatory developments will continue to support the market.

“The narrative around crypto has shifted quite drastically,” Teng added, highlighting the growing support from political and corporate leaders.

Teng also expects progress in legislation in the United States, with key figures showing support for the industry.

Trump’s administration is seen as favorable for the crypto sector, with plans for establishing a strategic bitcoin reserve.