Richard Teng on Altseason: “Market Confidence in Bitcoin May Spill Over to Altcoins, But These Forces Can’t Be Predicted”

Binance CEO says Bitcoin’s strength and stability are setting the tone, but altseason timing remains uncertain

During the CEO Connect: May Edition, Binance CEO Richard Teng offered a cautious but insightful perspective on whether an altseason—a period when alternative cryptocurrencies outperform Bitcoin—could be approaching.

“I’m not in a position to predict an altseason. These are market forces that simply can’t be forecasted,” Teng stated.

Bitcoin Leading the Market With Stability and Strength

Teng acknowledged the strong performance of Bitcoin (BTC) in recent months, noting that it has established market stability and is currently outperforming traditional indices like the S&P 500.

“This level of confidence in Bitcoin should naturally filter down to other tokens in time,” he said.

Bitcoin’s dominance and growing appeal to institutional investors have historically been seen as precursors to broader market rallies, but Teng was clear that crypto markets remain volatile and sentiment-driven.