Binance CEO: Tariff escalation may accelerate the development of cryptocurrency as a non-sovereign store of value

ChainCatcher news, Binance CEO Richard Teng posted on social media that the recent resurgence of trade protectionism is causing significant fluctuations in the global market, and the cryptocurrency market is no exception. In the short term, this macro uncertainty often triggers investors' risk-averse reactions, leading them to remain on the sidelines while waiting for clarity on growth, policies, and trade conditions.

Richard Teng stated that in the long run, the current environment may accelerate the development of cryptocurrencies as a non-sovereign store of value. Many long-term holders still believe that Bitcoin and other digital assets have resilience during periods of economic pressure and changing policy dynamics.