Summary
- Richard Teng, Binance CEO, said that the current volatility of Bitcoin is not significantly different from other major asset classes.
- He said this price correction is a natural phenomenon, similar to traditional finance.
- He said that over the past year and a half the crypto asset sector has delivered very good performance, and that profit-taking and corrections are a 'healthy market flow'.
There have been opinions that, despite recent extreme volatility in Bitcoin (BTC), it is still a healthy level of correction.
On the 21st (Korean time), according to Cointelegraph, Richard Teng, Binance CEO, said at a meeting, "All asset classes have different cycles and volatilities," and "the price correction we are seeing now is not a problem unique to crypto assets." He added, "The current volatility of Bitcoin is not significantly different from major asset classes."
Bitcoin has shown extreme volatility, at one point falling to $81,000 during the session.
Teng said, "Over the past year and a half the crypto asset sector has performed very well," adding that "profit-taking and corrections are a 'healthy market flow'."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
