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**Binance CEO Says Tariff Mayhem May Benefit Crypto**
Despite the recent market turbulence and a multi-month low for Bitcoin, Binance CEO Changpeng Zhao believes that the current tariff-related chaos may have a positive impact on the cryptocurrency market.
In a recent statement, Mr. Zhao emphasized that the sudden increase in global uncertainty could lead to an influx of investors seeking shelter in the relatively stable and decentralized world of digital assets. He stated:
“In times of economic turmoil, people tend to re-evaluate their investment portfolios and seek diversification. With traditional markets experiencing unprecedented volatility, I believe we’re likely to see a surge in interest for cryptocurrencies and other alternative investments.”
This comes as Bitcoin experiences extreme bouts of market turbulence, plummeting to a new intraday low following news that the U.S. plans to impose 104% tariffs on certain Chinese imports. The digital gold standard has seen its price drop significantly, currently trading at $77,423.
It is worth noting that Mr. Zhao has been vocal about his positive outlook for the cryptocurrency market in the face of adversity, stating: “Short-term pain, long-term gain.”
In related news, **Ripple CEO Brad Garlinghouse recently broke his silence on his company’s recent historic move**, which saw XRP beat out other major cryptocurrencies like Ethereum, Dogecoin, and Solana in a key profit metric.
We will continue to monitor market developments and provide updates as more information becomes available.
Source: https://u.today/binance-ceo-says-tariff-mayhem-may-benefit-crypto
