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Richard Teng, CEO of Binance, pointed out that global financial uncertainties and protectionist trade policies may lead to market volatility in the short term. He emphasized that traders need to be cautious as these factors can significantly impact market stability.
Insights from Binance’s CEO
Teng noted that trade tensions could create negative effects on the market in the near future. Recently, Bitcoin 
$103,869 experienced a brief surge above $80,000, followed by a downturn back to $78,000 as traders adopted a more cautious approach. Such environments often lead to a tendency among traders to avoid risks.
On the day tariffs were announced, BTC remained stable initially but quickly faced a wave of selling afterward.
The Binance CEO suggested that economic uncertainty and political developments could create conditions for assets like Bitcoin to appreciate in value over the long term. He believes that crypto assets may attract more interest as a store of value outside of centralized control. This perspective suggests that demand for crypto assets could rise due to existing economic tensions and policy fluctuations.
Long-Term Expectations and Perspective
In his statements, Teng highlighted how protectionist trade policies create uncertainty in global markets, prompting traders to act cautiously. He remarked, “As protectionist trade policies affect global markets, traders behave carefully in the short term, but there may be opportunities for assets like Bitcoin to gain value in the long run.”
As a result of economic and political upheavals, traders may shift away from traditional markets toward crypto assets. Teng’s insights indicate that crypto assets could emerge as an alternative store of value even during risk-averse periods, although this remains to be seen concretely. Despite discussions around BTC serving as a hedge against inflation, past experiences have led to significant disappointments, emphasizing the need for caution among traders.
Overall, while increasing trade tensions and economic uncertainties may cause fluctuations in the digital asset markets, these assets can still be considered as alternative investment vehicles in the long run. Traders are advised to weigh short-term risks alongside long-term potential.
