Binance CEO Sees Bitcoin’s Future as Digital Gold Amid Institutional Adoption

Richard Teng, CEO of Binance, believes that Bitcoin’s status as a hedge and store of value will strengthen amidst global economic uncertainty. He highlights the asset’s potential to serve as ‘digital gold’ as institutional investors incorporate it into their portfolios. These remarks come at a time when macroeconomic uncertainty is increasing. Teng suggests that Bitcoin’s role as a hedge is just beginning, drawing parallels between its use and traditional investment strategies involving gold.