On July 16, Binance CEO Richard Teng stated during a Q&A with Ben Fox Rubin, Vice President of payment giant MasterCard, that "Cryptocurrency is very neutral, and its existence is to solve financial inclusivity pain points. In the past few years, many countries have experienced hyperinflation, and it is much better to hold stablecoins as a means of wealth storage. Bitcoin's performance over the past few years has outperformed all asset classes. Institutional adoption is playing a role, with Fidelity, BlackRock, Charles Schwab, and even JPMorgan Chase transforming from crypto skeptics to believers and offering crypto products."
Binance CEO: Fidelity, BlackRock and other institutions have turned from crypto skeptics to believers
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