Binance CEO: The resurgence of trade protectionism may accelerate people’s interest in cryptocurrencies in the future

Richard Teng, CEO of Binance, wrote on the X platform: "There has been a lot of discussion about the recent tariff escalation, and I want to share my views on what this means for the crypto market now and in the long term. The resurgence of trade protectionism is causing significant volatility in global markets, and cryptocurrencies are no exception. In the short term, this macro uncertainty tends to trigger a risk-averse reaction, with investors withdrawing funds and waiting for economic growth, policies, and trade situations to develop. However, looking ahead, this environment may also accelerate people's interest in cryptocurrencies as a non-sovereign store of value. Many long-term holders continue to believe that Bitcoin and other digital assets are resilient during periods of economic pressure and changing policy dynamics."