Binance CEO Richard Teng Reveals Vision for Bitcoin’s Future Amid Strong Recovery
U.Today — Amid a significant recovery in the cryptocurrency market, Binance CEO Richard Teng has shared his views on Bitcoin’s (BTC) growing position in the global market.
According to Teng, Bitcoin is not just a digital asset, but is becoming a reliable store of value — an effective alternative to gold in the digital era. He emphasized that, amid global economic uncertainty and rising inflation, more institutional investors are considering Bitcoin as an important part of their long-term asset allocation strategy.
Bitcoin: The ‘Digital Gold’ of the Modern Portfolio
Richard Teng said:
“The involvement of institutional investors is pushing Bitcoin to become a key asset — not just for speculation, but as a comprehensive financial hedge, similar to the role gold has played for decades.”
The statement comes as Bitcoin is recovering strongly from its lows near $95,000, establishing a clear uptrend in the early days of May.
Market Recovery: Bitcoin Surpasses $104,000
Data from the price chart shows that Bitcoin experienced a slight correction in early May, with many red candles appearing, reflecting selling pressure. However, since May 7, the market has seen a strong return of buyers (bulls).
BTC has bounced from below $95,000, posting consecutive green candles — a sign of steady buying. As of now, Bitcoin has surpassed $104,000 and has held above $103,000 for several recent trading sessions, despite short-term corrections.
This trend shows that the bullish momentum is being maintained, and small pullbacks are not enough to disrupt the overall trend.
Improved market sentiment — growing confidence in Bitcoin
Bitcoin’s recovery is reflecting a major shift in market perception. Institutional investors — from hedge funds to large financial corporations — are viewing BTC as a strategic asset, helping to hedge against systemic risk and preserve value over the long term.
With confidence restored and investor sentiment turning positive, the biggest question now is: Can Bitcoin continue to maintain this upward momentum in the coming days?