PANews
PANews|Apr 08, 2025 13:28
Binance CEO: The revival of trade protectionism may accelerate people's interest in cryptocurrency in the future Richard Teng, CEO of Binance, stated in a post: "There has been a lot of discussion about the recent tariff escalation, and I would like to share my perspective on what it means for the cryptocurrency market now and in the long run. The resurgence of trade protectionism is causing significant volatility in the global market, and cryptocurrency is no exception. In the short term, this macro uncertainty often triggers a risk aversion response, with investors withdrawing their investments and waiting for developments in economic growth, policies, and trade conditions. However, looking ahead, this environment may also accelerate people's interest in cryptocurrency as a non sovereign store of value. Many long-term holders continue to believe that Bitcoin and other digital assets are resilient during periods of economic pressure and policy changes
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads