Binance CEO Says Tariff Mayhem May Benefit Crypto
Richard Teng, chief executive officer at cryptocurrency exchange behemoth Binance, has predicted that the macrofinancial uncertainty caused by the tariff mayhem might end up benefiting the crypto market in the long term.
According to Teng, such a volatile and unpredictable macroenvironment could potentially speed up investment in crypto as a “non-sovereign store of value.”
Teng argues that many long-term crypto holders tend to view the nascent asset class as “resilient” during periods of extreme market turbulence.
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