Binance CEO says he is very optimistic about the encryption market, and Bitcoin is expected to lead to a major demand
The Bitcoin (BTC) and other digital assets, Richard Ting, says it is a long -term rise in Bitcoin (BTC) and other digital assets despite continuous market disorder.
In a new interview with CNBC, Teng He says America’s embrace of digital assets during the era of US President Donald Trump, including the launch of the Bitcoin Strategic Reserve, is a tremendous bullish incentive for the entire industry.
“Look at the long -term drivers. If you ask anyone in the encryption industry, people prefer current management compared to the other. With the last management, you have“ strangle a 2.0 ”point in progress. Then you have an enforcement organization, making it very difficult for the industry to grow.
President Trump came in a very supportive, entered and entered a strategic reserve for the United States and encryption, and I think this is a very prominent issue on this front. Many of the smart officials have been appointed to each of [regulatory] Agencies, he has the Senate and the House of Representatives behind it with very supportive lawmakers. So we are very optimistic about that front. Long -term drivers are strong. ”
He also says that encryption markets are corrected, like other assets, amid uncertainty in the last macroeconomic economy, such as the effects of Trump’s tariff policies.
“The encryption market, as with any category of assets, is not fortified against total economic positions. What we think we see is a technical decline and not a structural decline. If you remember in 2022, Bitcoin, after several rounds of the high federal reserve rate, was less than $ 20,000, but she wore a reserve. Once again, this is one of those situations.”
Finally, he says that the launch of the US strategic bitcoin reserves may push other governments to collect the main encryption assets.
“The messages are, the largest government, the largest economy, and the world’s largest capital market now keeps Bitcoin as part of a reserve. This will think of many other governments through this issue, to sit, to say, hey, do we have to start customizing in Crypto and Bitcoin?
We were in Davos together, and [BlackRock CEO] Larry Fink talked about it and said in his talks with all the large sovereign wealth boxes, it is not a matter of customizing whether to allocate 2 % or 5 %. So we have a lot of these important conversations now. Long -term drivers are very strong. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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