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Binance CEO: Adoption by institutional investors will strengthen Bitcoin’s “digital gold” and hedging attributes

On May 12th, Binance CEO Richard Teng stated in a post on X platform: "Against the backdrop of global economic uncertainty, Bitcoin remains the flagship cryptocurrency asset and a resilient store of value. With the adoption of institutional investors, it is expected that Bitcoin will play a more important role as a hedge tool and digital gold in diversified investment portfolios."

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