Binance CEO Richard Teng addressed recent market turbulence on social media platform X on Feb. 25, urging investors to maintain a long-term perspective despite the downturn. He stressed:

It’s important to view this as a tactical retreat, not a reversal. Crypto has been here before and bounced back even stronger.

Teng emphasized that the cryptocurrency market has historically demonstrated resilience even amid macroeconomic challenges, stating: “History has shown that crypto markets react to macroeconomic shifts much like traditional assets, but they also bounce back with remarkable resilience.” He pointed to past market recoveries, such as bitcoin’s rebound after dipping below $20,000 in 2022 during U.S. Federal Reserve rate hikes, as proof that downturns are often temporary.

The Binance boss reassured investors that the recent decline does not indicate a deeper structural issue, stating: “What we are witnessing now is another short-term tactical retreat, far from a structural decline. Price movements often overshadow what’s happening beneath the surface, but the core drivers of crypto’s growth remain firmly intact.”

Noting that institutional demand remains strong, with steady exchange-traded fund (ETF) inflows and ongoing regulatory filings, he shared:

Institutional interest continues to rise. ETF inflows remain strong and new applications are filed regularly. Binance also continues to see steady inflows of new users. Market cycles come and go, but the fundamental indicators of crypto’s strength are getting stronger.

Additionally, he addressed the role of Federal Reserve policy, explaining that while a March rate cut appears less likely, monetary policy remains data-driven and could shift quickly if economic conditions change.

Encouraging confidence among investors, Teng acknowledged the emotional impact of market pullbacks but emphasized the opportunities they present. “It’s true that market pullbacks can feel unsettling. But they are also moments where seasoned investors position themselves for the next uptrend,” he opined. The Binance executive concluded by calling on the crypto community to stay focused, reminding them that the industry has repeatedly demonstrated its ability to recover from setbacks.

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