Governments Could Have Slashed Deficits Using Bitcoin, Says Binance’s CEO
Binance CEO Richard Teng highlighted bitcoin’s long-term value in recent posts on social platform X, citing its price gains and the financial opportunities governments have missed. His remarks followed bitcoin’s climb to new all-time highs, renewing focus on its global financial role. On May 22, Teng stated:
His remark highlighted the potential of bitcoin as a sovereign asset, suggesting that if governments had accumulated reserves earlier, they might have reduced fiscal shortfalls. Teng’s assertion adds weight to the argument that bitcoin can act not just as a hedge or speculative asset, but as a core component of national financial strategies.