Bitcoin (BTC) ve altcoinWhile harsh decreases, important names of the crypto currency sector evaluated the decline.
One of these names Binary is Richard Teng was.
Binance CEO, Bitcoin and Altcoins, said the decline in the market was not just a return but a withdrawal.
Richard Teng, CEO of Binance Stock Exchange, said in his sharing from his X account that the last crypto money market decline should be seen as a tactical decline, not a structural decline.
Stating that crypto coins are permanent Binance CEO said that the crypto currencies have always returned strongly after the decreases.
BitcoinReminding that it is a durable asset, Teng showed strong ETF inputs, increasing institutional interest and stable Binance user growth as the basic indicators of its durability.
Teng stressed that the Macroeconomic factors, including the stunned stance of the FED on interest rate cuts in the last decline, were effective and stressed that BTC recovered more strongly than similar decreases.
“History has shown that crypto money markets react to macroeconomic changes as traditional beings, but also returned with extraordinary resistance.
Do you remember 2022? Bitcoin fed fell below $ 20,000 for a short time during interest rate hikes, but the conditions recovered when they stabilized
What we are now witnessing is a short -term tactical regression far from a structural return.
It is important to state that the Fed’s pause is temporary. The last decline is largely due to the fact that the Fed gives a cautious approach signal to interest cuts.
Although the probability of interest reduction in March seems to be lower, it is important to remember that monetary policy is data -oriented. If the inflation is downward or the labor market weakens, it can quickly change its attitude. ”
Here's my thoughts on the recent market turbulence: It's important to view this as a tactical retreat, not a reversal.
Crypto has been here before and bounced back even stronger. Here's why we should stay optimistic. ⤵️
A thread 🧵
— Richard Teng (@_RichardTeng) February 25, 2025
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/binance-ceosu-richard-teng-bitcoin-btc-ve-altcoinlerdeki-dusus-hakkinda-konustu/
