Binance CEO Remains Optimistic Amid Crypto Market Turmoil: “Market Cycles Are Normal”

Updated

February 13, 2025

Gambar Binance CEO Remains Optimistic Amid Crypto Market Turmoil: “Market Cycles Are Normal”

Jakarta, Pintu News – The cryptocurrency market is under heavy pressure as major digital assets, including Bitcoin and Ethereum , experience sharp declines. In recent days, Bitcoin’s price has dropped below $95,000 (Rp1.55 billion), while Ethereum has fallen below $2,600 (Rp42.80 million). Other tokens like Ripple , Solana , and Binance Coin have also corrected by 18%, 10%, and 12%, respectively.

U.S. Economic Policy Triggers Market Downturn

One of the main reasons for the crypto market crash is recent economic policies in the United States. President Donald Trump declared a national emergency under the International Emergency Economic Powers Act (IEEPA) of 1977, escalating global trade tensions. Additionally, Trump imposed high tariffs—25% on imports from Mexico and Canada and 10% on Chinese goods—causing instability in global financial markets.

Binance CEO Remains Optimistic: “Market Cycles Are Normal”

Amid investor panic, Binance CEO Richard Teng shared an optimistic outlook on the current crypto market conditions. In a post on platform X, Teng emphasized that the current volatility and sell-offs are temporary. He referenced the famous Persian saying, “This too shall pass!”, highlighting that difficult times eventually fade.

Teng pointed out that the crypto market follows cycles similar to traditional financial markets, with periods of ups and downs. He also stated that long-term trends remain positive, driven by the growing adoption of blockchain technology and cryptocurrency across various industries.

Market Corrections: A Time to Build and Learn

Teng sees the market downturn as an opportunity for the crypto community. He noted that large investors, or “whales,” often use such moments to buy assets at lower prices. For instance, a major Ethereum investor recently purchased 50,429 ETH worth $126 million (Rp2.05 trillion) during the price dip.

Beyond investment opportunities, Teng encourages the crypto community to use this time to deepen their knowledge of product development, technical skills, and blockchain projects. He believes that these periods lay the foundation for future growth.

Crypto Volatility: Threat or Opportunity?

A major concern for investors is the high volatility in the crypto market. However, Teng argues that volatility should not be seen as a major threat. As the market matures and the utility of digital assets increases, volatility will naturally decrease.

He also explained that volatility is closely linked to market size. Smaller market-cap assets tend to be more volatile than larger ones. Therefore, as crypto adoption grows, market stability is expected to improve, giving investors more reasons to stay optimistic.

Conclusion

Despite the current market turbulence, Binance CEO Richard Teng assures investors that this is just part of a natural market cycle. He advises investors to stay calm and view this as an opportunity—whether to buy assets at lower prices or to enhance their understanding of blockchain technology. With continued crypto adoption and market stabilization, volatility is expected to gradually decline.

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This content is for informational purposes only. Pintu gathers data from various reliable sources and remains independent from external influence. Past asset performance does not guarantee future results. Crypto trading is highly volatile and risky—always conduct your own research and invest responsibly.

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