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Thursday, February 29, 2024
More
    bitcoin
    Bitcoin (BTC) $ 62,805.83
    ethereum
    Ethereum (ETH) $ 3,474.77
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 415.87
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.594212
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.128547
    cardano
    Cardano (ADA) $ 0.684428
    solana
    Solana (SOL) $ 125.70
    matic-network
    Polygon (MATIC) $ 1.04
    polkadot
    Polkadot (DOT) $ 8.63
    tron
    TRON (TRX) $ 0.143694

    Binance’s New CEO Richard Teng Feedback on BTC Worth After Bitcoin Spot ETF Approval

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    Richard Teng, who took over as CEO after Binance’s legendary founder Changpeng Zhao, talked about Bitcoin Spot ETFs, that are thought of by consultants to be permitted solely a matter of time.

    Reminding that Bitcoin is commonly known as digital gold, Teng in contrast BTC ETFs and gold ETFs.

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    The primary gold ETF launched got here in November 2004, and the value of gold on the time was $700 an oz., Teng mentioned. In accordance with Teng, after the ETF approvals, the gold value began to rise and reached $2,450 in 2011 inside 7 years.

    Teng thus implied that the BTC value may additionally rise after Bitcoin Spot ETFs. The brand new Binance CEO added on the finish of his publish that what he mentioned was not funding recommendation.

    Teng is understood for particularly avoiding mentioning cryptocurrency costs. Whereas earlier CEO CZ continuously feedback on the cryptocurrency market, Teng takes a extra passive position inside the harmonization cooperation course of initiated with the US.

    Nevertheless, Teng’s assertion at the moment was likened to Changpeng Zhao’s previous posts. There isn’t a new assertion from Zhao relating to Spot ETFs but.

    *This isn’t funding recommendation.

    See also  New spot ETF money inflows lower than 0.1% of bitcoin’s market cap
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