Photo Credit: Binance TH
Binance’s Thai unit predicts Bitcoin could reach $120,000 by the first quarter of 2026, supported by ongoing regulatory improvements, increased acceptance from institutional and mainstream investors, and the rise of stablecoins. The Thailand-based branch of the world’s largest cryptocurrency exchange, a joint venture between Binance and Gulf Development Plc, believes Bitcoin will transition from a risky asset to a strategic one as major banks and financial institutions begin to adopt it, explained CEO Nirun Fuwattananukul.
“Crypto is increasingly seen as both a hedge in uncertain times and a long-term growth asset, driven by blockchain technology revolutionizing finance. We’re not at the end of a cycle but at the start of a new one that will unfold in 2026,” he said.
Chief strategy officer Korn Poonsirivong highlighted two other major trends for 2026: regulatory improvements in key economies like the US, Europe, and Hong Kong, and the accelerated growth of stablecoins, tokenization, and real-world assets. These developments will bring digital assets closer to everyday users, integrating them into payment systems and financial access.
“2026 will be the year digital assets move from concept to real-world utility,” said Mr. Korn. “We anticipate broader adoption, clearer regulations, and deeper integration with financial systems, transforming how Thai users interact with digital value.”
After peaking at $126,000 in October 2024, Bitcoin’s price has fallen 32% to around $81,000, but recently rebounded to approximately $91,400—still 27% below the high. Korn predicts that the end of quantitative tightening from December 1, 2025, coupled with expected interest rate cuts and resumed quantitative easing, could push Bitcoin’s price to $120,000 during that period.
Despite a turbulent 2025, Binance Thailand’s user base grew over fourfold, driven by nationwide education and community efforts. The platform now lists over 400 tokens—the most among Thai digital exchanges. Yesterday, Binance announced strategic partnerships with digital asset brokers Bitazza and Maxbit, as well as The Brooker Group, aimed at strengthening market infrastructure, enhancing asset liquidity, and expanding high-quality digital asset education for wealthy investors. Nirun believes these initiatives will boost market connectivity and foster wider cryptocurrency adoption in Thailand.