Binance CEO: The recovery of trade protectionism may accelerate interest in cryptocurrencies in the future

PANews April 8th news, Binance CEO Richard Teng posted on X platform: "There are a lot of discussions about the recent tariff escalation, and I would like to share my view on what this means for the crypto market now and in the long run. The recovery of trade protectionism is causing major volatility in global markets, and cryptocurrencies are no exception. In the short term, this macro uncertainty often triggers a safe-haven reaction, investors will divest, waiting for economic growth, policy and trade situations to develop. However, going forward, this environment may also accelerate interest in cryptocurrencies as a non-sovereign store of value. Many long-term holders continue to believe that Bitcoin and other digital assets are resilient during economic pressures and dynamic changes in policy."