Binance CEO: "Macroeconomic Uncertainty, a Positive Factor for Virtual Assets"

Son Min

Summary

Richard Teng, CEO of Binance, stated that the worsening global trade war could have a negative short-term but positive long-term impact on the virtual asset market.
He explained that as conflicts between countries intensify, attention to decentralized virtual assets will increase.
Investors still assess that Bitcoin (BTC) and other virtual assets have resilience to the macro environment.

Amid the intensifying global trade war and increasing volatility in the risk asset market, there is an opinion that such macroeconomic conditions could act as a positive factor for virtual assets (cryptocurrencies).

On the 8th (local time), Richard Teng, CEO of Binance, stated on X, "The resurgence of trade protectionism has caused significant volatility in the global asset market, including virtual assets," but added, "In the short term, investor sentiment may decrease, but in the long term, it could become a factor that amplifies interest in virtual assets." He explained that as conflicts between countries intensify, more investors will focus on decentralized virtual assets.

He further added, "Many investors still assess that virtual assets, including Bitcoin (BTC), have resilience to the macro environment."

BTC