Bitcoin is Digital Gold of Our Era: Binance CEO Richard Teng Declares

Digital gold isn't coming—it's already here. Bitcoin's proving its mettle as the store of value for the modern age, according to Binance's top executive.

The Ultimate Hedge Against Traditional Finance

Richard Teng's declaration cuts through the noise of cryptocurrency speculation. The Binance CEO positions Bitcoin not as another volatile asset, but as the legitimate successor to gold's centuries-old role. It bypasses traditional financial gatekeepers while offering the scarcity and durability that made precious metals valuable.

Institutional adoption surges as smart money finally recognizes what crypto natives knew years ago. Major funds allocate portions to Bitcoin, corporations add it to balance sheets, and sovereign wealth funds quietly accumulate positions. The digital gold narrative gains mainstream traction while Wall Street analysts scramble to update their outdated models.

Meanwhile, gold bugs clutch their physical bars tighter—watching their centuries-old monopoly evaporate faster than you can say 'blockchain verification.' The ultimate irony? Traditional finance now studies cryptocurrency charts to predict market movements.

Bitcoin's proving its worth beyond speculative trading—transforming from internet money to global reserve asset before our eyes. The financial establishment might dismiss it, but they said the same about the internet in the 90s.

Bitcoin replacing Gold as store of value asset

Historically, gold has been a safe-haven asset for centuries, its value tied to scarcity and cultural significance. Bitcoin, introduced in 2009 by Satoshi Nakamoto, mirrors this with a capped supply of 21 million coins, appealing to investors during financial turmoil like the 2020 pandemic crash, when Bitcoin surged from $10,000 to over $60,000. Teng’s claim echoes this evolution, positioning Bitcoin as a digital evolution of gold.

At the time of publishing, Bitcoin was trading at approximately $123,186, down 2.39% from its recent all-time high of $126,198–marked on October 5,2025. Gold, meanwhile, hovered around $4,042 per ounce, a 1.56% surge in the past 24 hours. The Bitcoin-to-gold ratio stands at about 30:1, suggesting Bitcoin’s outperformance, though volatility remains a key difference. 

Michael Saylor of MicroStrategy has long called Bitcoin “digital energy” and a hedge against fiat devaluation, while Cathie Wood of ARK Invest predicts its value could hit $1.5 million by as soon as 2027. These claims underscore a growing consensus, though critics argue Bitcoin’s energy-intensive mining and regulatory risks set it apart from gold’s stability.

Also read: Bitcoin Miner IREN Share Price Jumps Post AI Deal