Binance CEO Sees Institutional Backing Boosting Bitcoin’s ‘Digital Gold’ Status

Institutional investment is driving up Bitcoin’s market presence, with Richard Teng, Binance CEO, highlighting its potential as a hedge against global economic uncertainty and a store of value akin to gold. Growing interest from major players like BlackRock and Fidelity through ETFs and direct purchases reflects this shift. This trend is further validated by the increasing participation of prominent firms like El Salvador and Japanese companies in Bitcoin investments, signifying growing trust among institutional investors.