Yi He, Binance CEO: “Even amid FOMO for gold and silver… the ‘Bitcoin era’ will ultimately arrive”

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JOON HYOUNG LEE

Summary

  • Yi He of Binance mentioned FOMO for gold and silver, international spot gold prices, and Bitcoin (BTC), saying that the Bitcoin era will ultimately arrive.
  • Yi said that while international spot gold prices set a new all-time high, Bitcoin is trading in the upper $89,000 range, down about 13% from a year ago.
  • Yi said the crypto industry is still at a relatively early stage and that while volatility and controversy are inevitable, this is a process seen in every structural transformation in history.
Yi He, co-CEO of Binance. Photo=Reporter Lee Young-min
Yi He, co-CEO of Binance. Photo=Reporter Lee Young-min

Yi He, co-CEO of Binance, said on the 28th (local time) that “despite FOMO (fear of missing out) for gold and silver, the era of Bitcoin (BTC) will come.”

In a post on X on the day, Yi said, “At a historic turning point like this, it’s not strange to see FOMO for gold and silver,” adding that “ultimately, the Bitcoin era will arrive.” International spot gold prices briefly topped $5,300 intraday, setting a fresh all-time high. By contrast, Bitcoin is trading in the upper $89,000 range, down about 13% from a year ago.

Yi stressed that “the crypto industry is still at a relatively early stage.” She noted, “Volatility and controversy are hard to avoid,” adding that “when you try to change the world, it typically comes with extensive debate, doubt, and a range of voices.” She went on to say that “this is not unique to any one industry, but a process that every structural transformation in history has repeatedly gone through.”

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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