Binance CEO Sees Institutional Adoption Bolstering Bitcoin’s Status as Digital Gold

Richard Teng, CEO of Binance, argues that Bitcoin’s position as a safe haven asset and store of value will be solidified by increasing institutional adoption. In uncertain economic climates, he believes Bitcoin can stand as a hedge against inflation and market volatility, similar to gold’s historical role in financial markets. This view was shared publicly on X (formerly Twitter) during times of significant macroeconomic uncertainty.
Teng emphasized that Bitcoin’s future as a hedging tool is still in its early stages and continues to evolve.