Binance CEO Richard Teng has stated that the recent decline in Bitcoin and altcoins should be seen as a temporary setback rather than a permanent reversal. Teng believes that cryptocurrencies are resilient assets that always bounce back strongly after declines. He cited factors such as strong ETF inflows, increasing institutional interest, and steady growth in Binance users as indications of Bitcoin's resilience. Teng also mentioned that macroeconomic factors, including the cautious stance on interest rate cuts by the FED, were influential in the recent decline. He reassured investors that the recent decline is a tactical setback and not a structural reversal. Teng suggested that if inflation continues to trend downward or the labor market weakens, the FED could change its stance on rate cuts.



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