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Binance CEO: Fidelity, BlackRock, Charles Schwab, and even JPMorgan have turned from crypto skeptics to believers.
According to Mars Finance, payment giant MasterCard officially released the Q&A content between its Vice President Ben Fox Rubin and Binance CEO Richard Teng. Richard Teng stated that Crypto Assets are very neutral, and their existence is to address financial inclusion pain points. Over the past few years, many countries have experienced severe Inflation, and holding stablecoins as a means of wealth storage is much better. Meanwhile, holding Bitcoin has outperformed all asset classes in the past few years. Institutional adoption is taking effect, with Fidelity, BlackRock, Charles Schwab, and even JPMorgan having transformed from Crypto Assets skeptics to believers, offering crypto products.