Patrick Hillmann, the former Head of Strategy at Binance, has expressed his optimistic perspective on Bitcoin through a recent Twitter post.

Hillmann has proposed that significant developments in the European cryptocurrency landscape, particularly the licensing of a major crypto exchange in accordance with Europe's crypto regulations known as the Crypto Asset Markets (MICA), could act as a catalyst to propel Bitcoin's price to $60,000 and beyond.

Furthermore, Hillmann highlighted another potential factor that could drive Bitcoin's surge to new heights: the opening up of the Korean market to global participation. He emphasized that the potential of the Korean market is often underestimated and underscored its significance for Bitcoin's future growth.

South Korea has established itself as a frontrunner in crypto adoption, with approximately 11% of its population involved in various forms of digital currencies.

Hillmann's departure from Binance was attributed to personal and professional reasons, with no direct connection to the regulatory challenges faced by Binance in multiple countries, including the United States.

Before joining Binance, Hillmann held a position at Edelman, a global communications firm, where he served as the Head of Global Innovation in crisis and risk management applications.