Richard Teng, who took over this difficult task after Changpeng Zhao, the founder of Binance and a CEO who has become synonymous with the company, talked about the general course of the cryptocurrency market.
Teng talked about Nvidia's recent rise. The company's stock on American stock exchanges has risen more than 200% in the last year.
Nvidia, which has expanded greatly as a graphics card (GPU) manufacturer, owes a significant part of this growth to the latest developments in the field of artificial intelligence (AI).
Teng pinpointed Nvidia's growth as a sign of how much bigger the cryptocurrency market can grow. According to Teng, the total market value of just one company, Nvidia, is almost equal to the total market value of the entire cryptocurrency market.
In addition, Teng said that “the future is exciting for the cryptocurrency market” after showing the example in question.
The total cryptocurrency market market value exceeded the 2 trillion dollar threshold today. However, Nvidia's market value is around 1.8 trillion dollars, according to Teng.
However, in his recent post, Teng shared a survey with his followers about the level at which Bitcoin, which exceeded $ 50,000, could be at the end of 2024, and determined the options as $ 40,000, 80,000 and $ 120,000. As a result of the survey, the expectation of $ 120,000 came to the fore.
*This is not investment advice.