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                                                                                        <p dir="ltr">Richard Teng, the CEO of crypto exchange giant Binance, believes the current macrofinancial uncertainty stirred up by the <u>tariff mayhem</u> could actually be a good thing for the crypto market in the long run.</p> <p dir="ltr">Teng suggests that this kind of unpredictable and turbulent economic climate might encourage faster investment in cryptocurrencies as a “non-sovereign store of value.”</p><p dir="ltr">He explains that many long-term crypto investors tend to see this relatively new asset class as a source of "resilience" when markets get really shaky.</p><div class="article__related">
                      <p>Related</p>
                      <div class="category-item"><img alt="‘Bitcoin Is Digital Gold’: Michael Saylor As BTC Keeps Charging Towards $80,000" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2025-04/57461.jpg" width="240" height="136"/>

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                    </div> <p dir="ltr">Interestingly, Bitcoin showed very little movement on what's been called "Liberation Day," but then, in a twist, it sharply dropped along with the global stock markets.</p><p dir="ltr">On Monday, Bitcoin plummeted to a low of $74,434, its lowest point in months. Throughout the day, it swung wildly, reacting to news about tariffs in a way that mirrored the U.S. stock market.</p><p dir="ltr">After a slight recovery, Bitcoin is currently trading at $77,423.  It recently hit a new low for the day following the announcement that the U.S. would be increasing tariffs on China to a whopping 104% this Wednesday.</p>

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Source: u.today