Trump’s Tariffs Turbocharge Crypto Craze: Binance Boss Spills the Beans 🚀

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In a world teetering on the edge of chaos, Binance’s Richard Teng, a man who probably dreams in blockchain, has declared that the very instability shaking global markets might just be the rocket fuel crypto needs. 🚀

Teng, with the gravitas of a man who’s seen too many market cycles, suggested that the U.S.’s newfound love for protectionism—thanks to a certain orange-tinted former president—could be the unexpected catalyst for crypto’s next big leap. 🍊

In a post on X (formerly Twitter, for those still catching up), Teng pointed to Donald Trump’s tariff tantrums as a harbinger of global market volatility. “Significant volatility,” he called it, as if the markets were merely throwing a tantrum over a lost toy. 🌍💥

“Crypto markets, too, have been caught in the crossfire,” Teng noted, with the understatement of someone who’s watched Bitcoin weather more storms than a seasoned sailor. 🌊

“This kind of macro uncertainty tends to trigger a risk-off response,” he wrote, referring to investors fleeing volatile assets like they’re running from a bad date. But, in a twist worthy of a Nabokovian plot, Teng argued that this very instability could, in the long run, make crypto look like the belle of the ball. 💃

“Looking further ahead, this environment could also accelerate interest in crypto as a non-sovereign store of value,” he mused, as if crypto were a rare butterfly fluttering just out of reach. 🦋

Teng highlighted that many long-term holders still view Bitcoin (BTC) and other digital assets as resilient assets during periods of policy shifts and economic pressure. Because, of course, what’s a little global chaos when you’ve got blockchain? 🔗

Hedge against market fears

While short-term sentiment may remain cautious—like a cat eyeing a suspicious cucumber—Teng’s comments reflect a broader view among crypto leaders who see the sector’s decentralized foundations as a hedge against growing geopolitical and fiscal unpredictability. 🐱🥒

Donald Trump’s announcement of tariffs on “Liberation Day” led to significant uncertainty in global markets and caused considerable volatility. Because nothing says “liberation” like slapping tariffs on your trade partners. 🎉

These tariffs specifically targeted key U.S. trade partners, imposing levies on imports to leverage negotiations. Trump’s strategy is consistent with his previous trade policies, employing economic pressure to achieve more advantageous terms for the U.S. economy. Because who needs diplomacy when you’ve got tariffs? 🤷‍♂️

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2025-04-08 23:39