An old video from Token2049 Dubai resurfaced on social media today, andBinance CEORichard Teng’s response to it turned heads.
The clip shows Teng discussing the growing institutional interest inBitcoin and pointing out that sovereign funds, semi-sovereign entities, family offices and high-net-worth investors have been entering the market more actively, often through institutional structures.
card
While the resurfaced footage did not reveal anything new, Teng’s reaction to it did. In a brief online response, he hinted that the momentum has not slowed since he made the original comments. "Let's just say...the phone has been ringing a lot more lately," he wrote, offering a delicate yet unmistakable indication that interest from major players is escalating.
Let’s just say… the phone has been ringing a lot more lately 📞😉
— Richard Teng (@_RichardTeng) May 19, 2025
In the original clip, Teng described how more traditional investors, usually focused on commodities, foreign exchange and equities, are now beginning to treat cryptocurrency as they would any other asset class. He mentioned thatBinance had significantly increased its number of institutional clients last year, by 97%.
In Q1, 2025, alone, flows reached approximately $100 million, pointing to constant demand from professionals on the market.
card
Timing-wise, Teng’s latest comment comes as theBitcoin price pulled back from its earlier high of $106,000 to settle at around $102,500.
Teng’s message was not detailed, but it did not need to be. More frequent phone calls usually mean money is moving — or will soon be.
