Alright, listen up—Binance’s big cheese, Richard Teng, is essentially saying that all this tariff mayhem might actually give crypto a little boost. I mean, come on, who knew chaos could be so profitable? 🤷♂️
According to him, our wacky macroeconomic circus might just speed up investments in crypto—this “non-sovereign store of value.” Non-sovereign? Really? It sounds like a fancy term for “we’re too unpredictable for the boring old banks.”
Teng argues that the long-term crypto enthusiasts see this asset as “resilient” when the market decides to throw a temper tantrum. Resilient indeed—kind of like us trying to act normal after a really bad date.
And here’s the kicker: Bitcoin, on its so-called “Liberation Day” (because why not celebrate with a weirdly named day?), barely budged. Then, as if on cue, it took a nosedive in sync with the global stock markets. I mean, seriously—what’s next?
On Monday, Bitcoin dropped to a multi-month low of $74,434, acting all jittery. After a brief rebound that barely qualified as a relief rally, it sank further to $77,423 following the news that the U.S. would jack tariffs on China to 104% on Wednesday. Oh, the irony! 😏
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2025-04-08 19:58