Binance CEO Richard Teng has urged governments worldwide to recognize the huge financial opportunity they missed by not holding Bitcoin earlier.
Speaking on social platform X (formerly Twitter), Teng pointed out that bitcoin’s rapid price rise could have helped countries reduce budget deficits and build sovereign wealth.
On May 22, Teng said that governments could have used bitcoin as a strategic reserve asset to address fiscal shortfalls. He noted that even those countries that sold their crypto holdings now regret missing out on bitcoin’s long-term gains.
Teng emphasized that bitcoin is more than just a speculative or hedging asset—it has the potential to be a core part of national financial strategies.
A day earlier, Teng reflected on how quickly bitcoin’s value and acceptance have changed. He remarked that what once seemed impossible in crypto has become normal, recalling past skepticism about bitcoin’s price milestones.
“I often check a 5-year BTC chart and remember conversations where brilliant minds claimed certain price levels were unreachable,” Teng wrote.
This growing acceptance coincides with rising institutional adoption and more governments considering digital assets. Binance, led by Teng and its former CEO Changpeng Zhao (CZ), is actively advising governments on crypto regulations and how to build digital asset reserves. CZ recently encouraged investors to take a long-term view of bitcoin’s price after it hit record highs.
Teng’s warnings serve as a wake-up call to governments about bitcoin’s financial potential, urging them not to miss out on future gains as the crypto space continues to evolve.
