According to Binance CEO Richard Teng, Bitcoin and cryptocurrencies aren’t just passing trends—they’re the future of money and financial services. But before BTC takes over the world, two key ingredients are missing. In a candid episode of the podcast The Wolf of All Streets, Teng lays out what it will take for Bitcoin to truly break through on a global scale.First: Clear Rules and Regulations
First: Clear Rules and Regulations
The #1 obstacle, according to Teng? Regulatory clarity.
“First, you need more regulatory clarity. Early adopters don’t mind ambiguity. But the average person wants legal safety. They want to feel protected before jumping in,” Teng explains.
And he’s absolutely right. It’s easy to look back now and say, “I wish I bought Bitcoin in 2012!” But back then, Bitcoin was the Wild West of finance.
In 2012, Bitcoin was still a fringe experiment—many believed governments would wage war on it, seeing it as a threat to traditional financial systems. Fast forward to today, and we’ve got Donald Trump cheering on Bitcoin, even suggesting it be recognized as a reserve asset. Yep, times have changed.
Second: Bring on the Institutional Money
Teng’s second point? More institutional capital needs to enter the game.
As long as Bitcoin is primarily held by retail investors, it will remain highly volatile. And while some institutional players are already in the market, the floodgates haven’t fully opened yet.
Unlike Bitcoin, gold doesn’t throw temper tantrums on the charts. You don’t see it nosedive 15% on a Tuesday just because someone tweeted the word “sell.” If Bitcoin wants to compete with gold as a stable store of value, more long-term, institutional investors are needed.
Why? Because institutions tend to HODL with conviction, while retail investors are more likely to panic-sell the second things go red.
Teng believes that as institutional money flows in, Bitcoin’s mood swings will calm down, turning it from a rebellious teenager into a well-dressed adult—still cool, just less dramatic.
So, What’s the Hold-Up?
Bitcoin has already come a long way. But for it to become a truly global force, it needs:
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Clear, trustworthy regulations, and
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Big-money investors who don’t flinch at a 5% dip.
Once those two boxes are checked, Richard Teng believes Bitcoin won’t just be the future—it’ll be unstoppable.
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