Richard Teng, CEO of main cryptocurrency trade Binance, lately issued a powerful assertion in assist of Bitcoin (BTC$). He declared Bitcoin ($BTC) to be the “digital gold” of this period, as main crypto belongings proceed to hit new all-time highs. He made this assertion relating to X, reaffirming the essential position of Bitcoin ($BTC) in monetary markets. On the similar time, Bitcoin ($BTC) is attracting widespread institutional curiosity with a brand new ATH of $126,198.07.
#Bitcoin is the digital gold of our time.
— Richard Teng (@_RichardTeng) October 8, 2025
Binance CEO declares Bitcoin “digital gold” amid file ATH streak
Richard Teng's bullish feedback on Bitcoin ($BTC) come as the highest cryptocurrency enjoys a continued upward trajectory. On this regard, it soared above $125,000 on October fifth, changing its earlier ATH of $124,000. It then hit a brand new all-time excessive of $126,198.07 on October sixth. This continued upward trajectory has inspired the entry of institutional capital and strengthened its place as digital gold.
$BTC Good points Momentum, Month-to-month Earnings Present 8.5% Progress
Following Binance CEO’s bullish stance on Bitcoin ($BTC), on-chain statistics spotlight the upward momentum of the worth. Notably, over the previous month, Bitcoin has recorded a staggering 8.51% rise. Furthermore, the weekly efficiency reveals a rise of 4.56%. Moreover, the 24-hour buying and selling quantity of the flagship crypto coin confirmed a rise of 19.6% and accounted for $80.63 billion.
Though all the pieces seems bullish for the time being, there’s additionally some bearish hypothesis. Traditionally, it has been noticed that if nearly all of merchants are bullish, the market will endure a correction. Due to this fact, it’s higher to maintain this in thoughts as effectively to be ready for every kind of conditions.
