Binance CEO: Silver Shines Short-Term While Bitcoin Rewrites the Monetary Endgame

CN
2 hours ago

Binance CEO Richard Teng shared on social media platform X on Dec. 30 a comparison highlighting bitcoin’s purchasing power against gold and silver, emphasizing how digital assets have outpaced traditional metals amid shifting global demand dynamics.

He said:

Silver’s having a moment – EVs, AI chips, solar panels driving demand. Classic hedge against uncertainty and losing purchasing power. But here’s the thing: Bitcoin is the infrastructure of tomorrow’s financial system.

The post accompanied a visual chart showing how much gold and silver one bitcoin could buy from 2010 through 2025, using end-of-year estimates to illustrate long-term changes. The graphic underscored periods where bitcoin’s relative strength expanded rapidly, particularly during years marked by accelerating institutional interest, monetary easing, and heightened attention to alternative stores of value. By juxtaposing precious metals with bitcoin, the post framed the digital asset as a benchmark rather than a speculative outlier, while acknowledging silver’s renewed relevance due to industrial applications tied to electrification, artificial intelligence hardware, and renewable energy deployment.

How much gold or silver can 1 bitcoin buy? Source: Binance

Read more: Peter Schiff Says Silver Breaks $100 Next Year Despite Possible Sharp Pullbacks

The comparison also highlighted how silver demand has been shaped by structural factors rather than purely monetary ones, with electric vehicles, solar installations, and advanced electronics increasing consumption beyond investment use. Gold, traditionally viewed as a hedge against inflation and geopolitical risk, appeared more stable but slower-moving in the chart, reinforcing its role as a conservative store of value.

Bitcoin, by contrast, reflected sharper cycles that translated into dramatic changes in purchasing power over time. Teng’s framing positioned bitcoin as financial infrastructure rather than a commodity, aligning with broader industry narratives that emphasize programmability, global settlement, and fixed supply. Market participants often note that while metals remain important for diversification, digital assets introduce portability, transparency, and verifiable scarcity that appeal to a digitally native economy. At the same time, metals continue to provide physical utility and long-standing trust, while bitcoin adoption expands through exchanges, custodians, and payment rails, suggesting that both asset classes may coexist as complementary hedges rather than direct substitutes.

  • What comparison did Binance CEO Richard Teng share about bitcoin?
    He highlighted how bitcoin’s purchasing power against gold and silver has risen sharply since 2010.
  • Why is silver demand increasing alongside bitcoin’s rise?
    Silver demand is being driven by EVs, solar panels, and AI hardware rather than purely investment use.
  • How does the chart portray gold versus bitcoin?
    Gold appears stable and slow-moving, while bitcoin shows sharper cycles and faster purchasing power changes.
  • Why does Teng describe bitcoin as financial infrastructure?
    He points to bitcoin’s fixed supply, programmability, and role in global settlement systems.

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