Binance CEO Says “The Future of Cryptocurrencies is Exciting”, Cites Nvidia Example

Richard Teng took over this difficult task after Changpeng Zhao, the founder of Binance and a CEO who has become synonymous with the company. cryptocurrency He talked about the general trend of the market.

Teng talked about Nvidia’s recent rise. The company’s stock on American stock exchanges has risen more than 200% in the last year.

Nvidia, which has expanded greatly as a graphics card (GPU) manufacturer, owes a significant part of this growth to the latest developments in the field of artificial intelligence (AI).

Teng pinpointed Nvidia’s growth as a sign of how much bigger the cryptocurrency market can grow. According to Teng, the total market value of just one company, Nvidia, is almost equal to the total market value of the entire cryptocurrency market.

In addition, Teng said that “the future is exciting for the cryptocurrency market” after showing the example in question.

The total cryptocurrency market market value exceeded the 2 trillion dollar threshold today. However, Nvidia’s market value is around 1.8 trillion dollars, according to Teng.

However, in his recent post, Teng told his followers that he had raised more than $50,000. of Bitcoin He shared a survey about what level it could be at the end of 2024 and determined the options as $ 40,000, 80,000 and 120,000 dollars. As a result of the survey, the expectation of $ 120,000 came to the fore.

*This is not investment advice.

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