Binance CEO: Cryptocurrency prices may fluctuate, but fundamentals are strong

Binance CEO Richard Teng highlighted the strong interest in Bitcoin and other cryptocurrencies, noting that U.S. Bitcoin spot ETFs attracted more than $14.7 billion in net inflows over the past six months. Teng stressed that despite volatility in token prices and market caps, the industry’s long-term fundamentals remain strong. He urged the community to stay focused and keep building. Teng shared his optimistic outlook for the next twelve months, highlighting several key areas of development. He expects new use cases and continued innovation in the space, improved user experience, increased retail adoption of cryptocurrencies, and growth in institutionalization and mainstream acceptance of cryptocurrencies. He also foresees progress and clarity in regulatory developments. Teng concluded by encouraging the community, asserting that the industry is still in its early stages and there is much more potential ahead. (Bitcoin.com)