Binance unit sees Bitcoin hitting $120,000

Bitcoin is forecast to peak in the first quarter of 2026, with the price possibly reaching US$120,000, backed by continued regulatory enhancement, growing acceptance from institutional and mainstream players, and the rise of stablecoins, says the Thai unit of Binance — the world’s largest cryptocurrency exchange.

- NAREERAT WIRIYAPONG.

Binance TH By Gulf Binance, a joint venture between Binance and Gulf Development Plc, sees Bitcoin becoming a strategic asset rather than a risky one, with major banks and other financial institutions entering the market, said chief executive Nirun Fuwattananukul.

“Crypto is increasingly recognised not only as a hedge in uncertain times, but also as a long-term growth asset, powered by blockchain technology that is reshaping the future of finance. What we're seeing now is not the end of a cycle, but the beginning of a new one that will take shape in 2026,” he said.

Chief strategy officer Korn Poonsirivong outlined two other major trends set to take shape in 2026. The first is regulatory improvement in major economies such as the US, Europe and Hong Kong. In the US, key people close to President Donald Trump are pro-crypto, said Mr Korn.