Binance CEO Reveals Who Drove Bitcoin’s Explosion—And If They’re Still Buying | Richard Teng

Watch on YouTube ↗  |  September 09, 2026 at 20:43  |  39:22  |  The David Lin Report
Speakers
Richard Teng — CEO, Binance

Summary

Richard Teng, Co-CEO of Binance, reviews the data behind crypto's August rebound, arguing that renewed spot buying, ETF inflows, and institutional and retail reallocation are driving a structurally bullish outlook. He says rising long-end rates make gold and crypto attractive relative to bonds and equities, and highlights rapid growth in Binance's tokenized equity and TradFi perpetual products. Teng also discusses crypto's complementarity with AI, stablecoin utility, and global adoption as key drivers of future demand.

  • Bitcoin rallied from the low $60k area to $81k in August with ETF inflows reaching $3.5B and Binance spot volume rising sharply.
  • Binance users increased crypto's share of combined crypto/equity holdings from about 64% to around 72% in August.
  • Teng argues long-end yield pressure is favorable for gold and crypto and unfavorable for bonds and equities.
  • Binance's TradFi perpetuals and tokenized equity products grew rapidly, with equity AUM above $1B and BTOS AUM $600M.
  • He describes crypto as globally accessible 24/7 and sees emerging markets and financial inclusion fueling user growth.
  • Teng says AI and crypto are complementary, pointing to agentic trading and payments as expanding crypto utility.
  • He expects regulatory clarity, especially the Clarity Act, to boost global crypto adoption.
Ideas
Richard Teng CEO, Binance 0:00
Crypto demand strong; long-term prospects bullish.
Richard Teng argues crypto demand remains strong and long-term prospects are extremely bullish. He points to August's move from low $60k to $81k on renewed spot buying rather than leverage, ETF inflows of $3.5B, Binance users raising crypto's share of combined crypto/equity holdings from about 64% to 72%, and both institutional and retail buyers seeing crypto as relatively undervalued after consolidation.
BTC HIGH
Richard Teng CEO, Binance 0:07
Rising long-end rates favor gold, crypto.
If long-end interest rates rise, it hurts bonds and equities; Teng says that is very favorable for assets such as gold and crypto because the value of money is impacted and investors will reallocate toward undervalued assets. This is a macro rotation view.
GLD HIGH
Richard Teng CEO, Binance 7:24
Tokenized equity demand growing rapidly.
Binance's TradFi perpetuals and tokenized equity products are seeing remarkable growth because they solve global access and 24/7 trading gaps in traditional equities; monthly TradFi perpetual volume went from roughly $3B to nearly $400B in six months, equity AUM surpassed $1B, and tokenized equity demand is strong.
Tokenized Equities TradFi perpetuals MED
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This The David Lin Report video, published September 09, 2026, features Richard Teng discussing BTC, GLD, Tokenized Equities, TradFi perpetuals. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Richard Teng  · Tickers: BTC, GLD, Tokenized Equities, TradFi perpetuals