Binance CEO Richard Teng: Institutional Adoption Will Solidify Bitcoin’s Role as Digital Gold

Teng says BTC’s status as a hedge and store of value will strengthen amid global economic uncertaintyBinance CEO Richard Teng emphasized Bitcoin’s growing role as a digital store of value, highlighting its potential to serve as "digital gold" as more institutional investors integrate it into their portfolios. Teng’s remarks were shared on X (formerly Twitter) amid ongoing macroeconomic uncertainty.Teng: Bitcoin’s Role as a Hedge Is Just Beginning“Against the backdrop of global economic uncertainty, Bitcoin remains the flagship crypto asset and a resilient means of storing value,”Teng posted.He added that with institutional investors increasing exposure, Bitcoin is poised to take on a more prominent role as a hedging tool, similar to how gold has traditionally been used in financial markets.