Digital assets exhibit significant bearishness, as the latest Trump tariff waves triggered massive crypto liquidations.
As fear dominated the sector, Binance CEO Richard Teng weighed in on the escalating trade tensions and their effect on the cryptocurrency market.
While acknowledging the prevailing downtrends, Teng believes long-term trends might favor digital assets and cement Bitcoin’s status as a store of wealth.
Commenting on the current market outlook, Binance’s CEO stated:
This environment could also accelerate interest in crypto as a non-sovereign store of value. Many long-term holders view Bitcoin and other digital assets as resilient during economic stress and shifting policy dynamics.
His remarks coincided with PepeX’s flourishing presale, raising over $1.3 million since its March 24, 2025 debut.
Trade tensions and long-term impact on Bitcoin
Richard Teng shared his stance on the effects of the intensifying trade war on cryptocurrencies.
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